What is this new thing RAINMUMBAI = NCDEX weather/rainfall derivative?

[Capitalist_55]

Can some please explain what is this for what does it help ?

[Singrauli]

You can check this thread.

Weather Derivatives hit Markets

[IMG_4477] Back in some days SEBI super concerned about retailers loosing in options, just to prevent them so much buzz were there. Now they sliding weather derivatives & everyone is quiet. As a legend said: “Hypocrisy ki bhi Sima hoti hai”