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LRS outflows up over 10% in March led by travel demand
Indians sent $2.59 billion abroad in March 2026 via the Liberalised Remittance Scheme. This marked a 10.9% increase from the previous month. Travel spending saw a seasonal dip. However, investments in equity and debt surged significantly. Deposits abroad also showed a strong recovery. Remittances for education moderated after a peak in January.
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economictimes.indiatimes.com
Indian diaspora withdraws $2 bn from banks amid West Asia turmoil - The Economic Times
Indian diaspora withdrew nearly two billion dollars from local banks in March. This withdrawal was driven by geopolitical conflicts in West Asia. NRI deposits saw an annual…
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thehindubusinessline.com
‘Global uncertainty slows overseas remittances under LRS in FY26’: RBI bulletin
Global uncertainty leads to a 2% decline in India's FY26 overseas remittances under LRS, impacting education and travel spending.
