The RBI data on LRS for Resident Individuals' shows overseas spending by Indians under different categories, including travel, maintenance of close relatives, studies abroad, investments in equity and debt

Global uncertainty leads to a 2% decline in India's FY26 overseas remittances under LRS, impacting education and travel spending.

MUMBAI: Total outward remittances under the Liberalised Remittance Scheme (LRS) witnessed a contraction in FY26, dropping about 2% to $29 billion from the $29.6 billion recorded…