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Chennai rainfall gets its own futures

Posted on September 1, 2026
By Financial Express
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1 min read

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Chennai rainfall gets its own futures

NCDEX has launched RAINCHNNAI, a rainfall-based weather derivatives futures contract that allows market participants to hedge financial risks linked to Chennai’s Northeast Monsoon. The cash-settled contract uses IMD rainfall data from Chennai’s Meenambakkam and Nungambakkam stations.