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Indians cut overseas travel spending to $1.9 billion in March: RBI
Indians sharply cut back on overseas travel spending in March, with remittances for foreign trips dropping by more than $212 million from the previous month, according to Reserve Bank of India data. The fall in outbound travel expenditure came amid rising oil prices linked to the Middle East conflict and persistent pressure on rupee, even as travel remained the single largest component of outward remittances under the Liberalised Remittance Scheme (LRS).
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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.
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cryptobriefing.com
Reserve Bank of India sells $9.8B in March as rupee posts steepest monthly drop since 2019
The Reserve Bank of India sold $9.8 billion in March 2026 as the rupee dropped 4%, its steepest monthly decline since 2019, amid Iran conflict disruptions.
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timesofindia.indiatimes.com
Forex spends by Indians drop 2% to $29 billion in FY26
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…
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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.…
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Iran war squeezes NRI deposits, overseas Indians pull out nearly $2 billion in March
The Iran war is affecting money flows from overseas Indians, with NRIs withdrawing nearly $2 billion more than they deposited in Indian bank accounts in March, according to…
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newsbytesapp.com
Indians remitted $2.59B overseas in March, says RBI
Indians remitted $2.59 billion abroad in March 2026, marking a 10.9% monthly increase, driven by strong recovery in deposits and surging investments in equity and debt.
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Why NRIs pulled out $2B from Indian banks in March
Overseas Indians withdrew nearly $2 billion from domestic bank accounts in March, reducing total NRI deposits to $165.65 billion, as per RBI data.
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India's forex spends slip 2% as education spending abroad falls
India's outward remittances under LRS fell 2% to $29 billion in FY26, driven by a sharp 20.9% decline in overseas education spending and reduced international travel expenses.
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Overseas travel spending by Indians falls to $1.09 billion in March
The RBI data on LRS for Resident Individuals' shows overseas spending by Indians under different categories, including travel, maintenance of close relatives, studies abroad,…
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Overseas travel spending by Indians falls to $1.09 billion in March - The Economic Times
Indians’ spending on overseas travel fell to USD 1.09 billion in March from USD 1.3 billion in February, according to RBI data on outward remittances under the Liberalised…
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Indians cut overseas travel spending to $1.9 billion in March: RBI
Indians sharply cut back on overseas travel spending in March, with remittances for foreign trips dropping by more than $212 million from the previous month, according to Reserve…