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Outward remittances under LRS up at $2.5 billion
In June, the total outward remittances under the Liberalised Remittance Scheme soared to $2.5 billion. Notably, Indians disbursed $1.3 billion on international travel, reflecting a significant uptick from the previous month. Meanwhile, expenditure on overseas education rose to $96 million. Additionally, remittances for the upkeep of close relatives accounted for $287 million, while investments in equity and debt attracted $456 million from Indian residents.
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thehindubusinessline.com
Overseas investments by Indians push remittances up 20% y-o-y in June
Indians' overseas investments soar, boosting June remittances by 20% YoY to a record $2.5 billion under the LRS.
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economictimes.indiatimes.com
Outward remittances under LRS up at $2.5 billion
In June, the total outward remittances under the Liberalised Remittance Scheme soared to $2.5 billion. Notably, Indians disbursed $1.3 billion on international travel, reflecting…