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 r...

The rupee ended fiscal 2026 as the worst performer in Asia against the US losing close to 10% of its value in a year marked by record exits...

Indian companies and lenders saw foreign borrowing filings drop significantly in March. This reduction occurred amidst global financial mar...

The framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at re...

The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer ...

The rupee and other currencies of oil-importing countries have been among the hardest hit following a near 50% surge in Brent crude prices ...

Gold jewellery stocks including Titan, Kalyan Jewellers and Senco Gold fell up to 14% in two sessions after PM Modi urged citizens to reduc...

The rupee has reached its lowest point ever against the US dollar. This decline is driven by investor concerns over escalating conflict in ...

The Reserve Bank of India is navigating global economic hurdles and geopolitical tensions. Deputy Governor Poonam Gupta explains the centra...

The Reserve Bank of India (RBI) is set to tighten regulations on overseas remittances by resident Indians, preventing the parking of funds ...

India's liberalised remittance scheme saw a 16% year-on-year decrease in outward remittances, with a total of $2.42 billion remitted in May...

The Union Budget 2023 proposed a TCS for foreign outward remittance under LRS other than for Education and medical purposes of 20 per cent ...

A bank with a strong international footing like ICICI Bank ensures a secure and simple way to send money abroad.

Besides, spends on travel, studies and maintenance of relatives abroad which comprise bulk of the outflows, it also includes overseas inves...

Money transferred overseas for maintenance of relatives abroad under the Reserve Bank of India's liberalised remittances scheme or LRS touc...

Outward remittances during 2008\09 totalled $808 mn of which education and travel together accounted for outgo of $436 mn. 'Stimulation eff...

The decision by large banks to cha rge fees on inward remittances has emerged as a stumbling block to developing the real time gross settle...