NCDEX Weather Derivatives | Economy & Agriculture Current Affairs
The National Commodity & Derivatives Exchange (NCDEX) launched a weather derivative contract based on rainfall indices during the North-East monsoon season.
The contract is designed to help market participants, particularly those exposed to weather-related risks, manage the financial impact of variations in rainfall.
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Question: What is the name of the weather derivative contract launched by NCDEX based on rainfall indices during the North-East monsoon season?
✅ Answer: Rainfall Index Futures (RIF) 🌧️📊
🔑 Key Facts:
• Exchange: NCDEX
• Contract: Rainfall Index Futures
• Basis: Rainfall indices
• Season: North-East Monsoon
• Purpose: Managing weather-related financial risks
• Sector: Agriculture & Commodity Markets
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