Outward remittances below the Liberalised Remittance Scheme (LRS) declined 8% month-on-month to $2.13 billion in June, the newest RBI bulletin confirmed. Each element of outward remittances fell in comparison with the earlier month, besides investments in fairness and debt overseas, which rose 98% to $206 million in June, versus $104 million in Might.
Indians spent $1.2 billion on journey in June, in contrast with $1.4 billion in Might. Expenditure on abroad schooling stood at $138 million in June, versus $149 million within the earlier month.
The LRS, launched by the Reserve Financial institution of India, permits resident people to remit funds overseas for particular present and capital account transactions, topic to an annual restrict. As of 2025, the utmost remittance allowed below the scheme is $250,000 (roughly Rs 2.15 crore) per particular person per monetary yr.
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