NCDEX’s RAINMUMBAI Goes Live: Understanding India’s First Weather Derivative In Five Points
Agricultural commodity exchange National Commodity and Derivatives Exchange (NCDEX) has launched RAINMUMBAI, India's first weather derivative contract approved by the Securities and Exchange Board of India. The contract, which begins trading today, on May 29, is linked to rainfall levels in Mumbai and is designed to help businesses and investors manage financial risks arising from unpredictable weather. Here are five…
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