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Commodity

NCDEXRAIN

Welcome to our class on finance related terms. Today, we will be discussing NCDEXRAIN, a rainfall index used by the National Commodity and Derivatives Exchange. This index measures the percentage of cumulative normal expected rainfall, based on average actual rainfall from the Colaba and Santa Cruz weather stations in Mumbai. It provides valuable insights into the current weather conditions, which can have a significant impact on the agricultural and financial markets. Let's dive deeper into this important concept.

Alloys

Alloys, as we know, are metals formed by blending two or more metallic elements in order to achieve enhanced strength and durability. These can be found in various forms, su...

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Closing Price

Commodity prices are determined by the forces of supply and demand, which can fluctuate throughout the day. The closing price is the final value of a commodity at the end of...

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Spot Commodity

This market is a physical or virtual marketplace where goods are bought and sold for immediate delivery at current market prices. A key term in the world of finance is the ...

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Close out price

It In the world of finance, close out price refers to the final value at which the delivery of commodities is resolved for a short sale. This pivotal aspect of trading often...

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