India’s insurance sector is set for a major transformation. New reforms are expected to bring global standards and boost insurance coverage across the nation. This move aims to address the current low penetration levels and offer better products to the public. The changes are designed to improve pricing and accessibility, paving the way for sustainable growth in the insurance industry.
Rupee strengthens to 95.59 amid drop in oil prices & RBI dollar sales
On Tuesday, the Indian rupee appreciated to 95.59, benefiting from a decrease in oil prices. The central bank’s dollar sales helped mitigate pressure on the