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NCDEX, Skymet join hands to launch two weather-sensitive indices on Tuesday

While the Composite Weather Index will be seasonal, Rain Index will show daily variations in value, depending on actual rainfall across the country and long seasonal variations

Topics
NCDEX | Skymet

Dilip Kumar Jha  |  Mumbai 



These indices would start at “zero” as base value on January 1 every year. The year will be from June to May. Representative image
These indices would start at “zero” as base value on January 1 every year. The year will be from June to May. Representative image

In a first for India, the National Commodity & Derivatives Exchange (NCDEX) is set to launch two weather-sensitive indices — ‘Weather Index’ and ‘Rain Index’. The exchange has tied up with private weather forecasting company to source data points and analyse them to put out a composite value.

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First Published: Mon, June 08 2020. 17:29 IST

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