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Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract

Economic Times - Markets
Economic Times - Markets
Aug 31, 2026 · 6:25 PM
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Chennai’s rain gets a market price: NCDEX launches RAINCHNNAI weather derivatives futures contract
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.
Economic Times - Markets
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