Latest RAINMUMBAI News & Updates

NCDEX Launches India’s First SEBI-Approved Weather Derivatives Contract

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Mumbai, May 21 (IANS) Agricultural commodity exchange NCDEX has launched RAINMUMBAI, India’s first SEBI-approved, exchange-traded weather derivatives contract, which will be introduced on May 29.The contract is designed to convert monsoon variability from an unpredictable challenge into a measurable, manageable and tradable financial risk within a regulated framework, the exchange said.Weather derivatives are financial instruments that help users manage risks arising from adverse or unexpected…