RBI nod to exporters to access forex mkt
The Reserve Bank of India has allowed exporters to access the forex market for purchasing foreign exchange but only after utilising fully the available balances in their exchange earners’ foreign currency accounts. Earlier, the RBI had allowed exporters to convert the balance in the EEFC account into rupees.
Max Bupa starts online insurance
Max Bupa Health Insurance on Tuesday launched online insurance product that will offer differential pricing based on the place of residence of the customer. “The pricing of this product is very competitive and is the first of its kind in the industry. The product will only be available online,” Max Bupa CEO Manasije Mishra told reporters here.