Briefly Business

RBI proposes to allow new currency futures

Mumbai: The Reserve Bank has proposed to allow trading in futures contracts in major currency pairs such as euro-rupee and yen-rupee,in addition to the existing US dollar-rupee contracts.

Max New York Life launches new product

New Delhi: Max New York Life MNYL has launched Secure Dreams,a universal life product that offers guarantees on investment. For the first three months from the date of launch,the policy will give customers a minimum guaranteed interest of 6.5 per cent. It also allows partial withdrawals after the third policy anniversary.

ING says committed to India business

New Delhi: Dutch financial services major ING,which is all set to split globally,has said the group is committed to businesses in India,terming the partnership here as a selective growth option. In India,the company has presence in banking,insurance and asset management through ING Vysya Bank,ING Vysya Life Insurance and ING Investment Management,respectively.

PTI