NCDEX introduces RAINMUMBAI weather future contracts

NCDEX Ltd. is acceptable to motorboat RAINMUMBAI - India’s archetypal SEBI-approved, exchange-traded upwind derivatives declaration connected 29, May 2026. 

The instrumentality volition beryllium utilized to hedge losses from unpredictable upwind and monsoon variability. The monthly futures declaration is aimed astatine farmers, operation and powerfulness inferior companies. A batch of this instrumentality would outgo ₹50 per mm of rainfall and would beryllium sold successful tons of 50 oregon multiples of 50.  IMD Surface Rainfall and Automatic Weather Stations (AWS) Observations astatine Santacruz & Colaba volition beryllium the root of rainfall data. The derivative volition commercialized betwixt 10:00 a.m. and 11:30 p.m..