Indians remit $2.7 billion overseas in August, led by travel
Outward remittances under the Liberalised Remittance Scheme (LRS) stood at $2.7 billion, with travel accounting for the largest chunk. Indians spent $1.6 billion on travel in August, from $1.7 billion in July, while $275 million were spent on main...
By ET Bureau |
Agencies
Indians spent $1.6 billion on travel in August, from $1.7 billion in July, while $275 million were spent on maintenance of relatives.
Mumbai: Outward remittances under the Liberalised Remittance Scheme (LRS) stood at $2.7 billion, with travel accounting for the largest chunk. Indians spent $1.6 billion on travel in August, from $1.7 billion in July, while $275 million were spent on maintenance of relatives.
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Indian citizen spent $321 million on investments in equity and debt, while $191 million on studies abroad.
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Read more: Jio IPO breaks 12 records: Rs 4.5 lakh crore bids, highest applications and more
Indian citizen spent $321 million on investments in equity and debt, while $191 million on studies abroad.
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