NCDEX launched RAINCHNNAI, a futures contract allowing market participants to hedge Chennai’s Northeast Monsoon risks. Utilizing a Cumulative Deviation Rainfall model, it complements the RAINMUMBAI contract, providing a complete monsoon risk management cycle from June through December.
Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract
By Dhallo News · August 31, 2026 at 6:25 PM IST
Source: Economic Times - Forex
Original reporting: Economic Times - ForexRead original report →
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