Forget stocks, you can now profit from Mumbai rains! Here's how NCDEX's unique weather futures work
- Posted on May 21, 2026
- By Business News Today
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- 1 min read
Forget stocks, you can now profit from Mumbai rains! Here's how NCDEX's unique weather futures work
NCDEX has launched Indias first exchange-traded weather derivative contract, RAINMUMBAI, allowing traders and businesses to hedge against rainfall variability during the monsoon season. The contract is linked to Mumbai rainfall deviation data from IMD and aims to help weather-sensitive sectors manage financial risks arising from excess or deficient rainfall.
