India Launches Tradable Rainfall Futures Called Rainmumbai(bloomberg.com)

4 pointsby samarthr1vor 2 Monaten1 comments

India Launches Tradable Rainfall Futures Called Rainmumbai

https://www.bloomberg.com/news/articles/2026-05-20/india-gets-first-rainfall-hedge-as-el-nino-threatens-monsoon

1 comments

sameersvor 2 Monaten

https://archive.ph/z5fus

The key quote, which is really all that needed to be reported is: "The offering is underpinned by an earlier decision by the market regulator Securities and Exchange Board of India that notified weather as a tradeable good, ending years of regulatory stasis."