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Outward remittances under LRS stay flat at $6.9 bn
Business Standard
|August 30, 2025
Outward remittances under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) were flat at $6.92 billion during the April-June quarter of FY26 (Q1 FY26) as the fall in overseas education was cushioned by growth in other investments.
The international travel segment also remained broadly flat. According to the latest RBI data, the amount remitted under LRS was up 0.5 per cent Y-o-Y from $6.88 billion recorded in Q1 FY25. The LRS scheme was introduced in 2004 permitting all resident individuals to remit up to $250,000 per financial year for any permissible c
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