Anonymous9 days ago
India's NCDEX launched RAINMUMBAI on May 29, 2026 — the country's first exchange-traded weather derivative, allowing traders to take positions on Mumbai's monsoon rainfall deviation from its historical average. While proponents say the SEBI-approved contract gives weather-sensitive industries a regulated hedging tool, critics argue that contract minimums, geographic limits to two Mumbai weather stations, and basis risk make the instrument inaccessible to the 86% of Indian farmers who work plots smaller than two hectares — the very people most exposed to monsoon volatility.