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OUTBOUND REMITTANCES
Overseas travel spending by Indians falls to $1.09 billion in MarchIndians’ 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...24 May, 2026, 04.00 PM IST- Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the storyIndia's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. J...21 May, 2026, 04.00 PM IST
- Sending money to India? US Senate softens remittance tax to 1% from 3.5%The U.S. Senate's revised 'One Big Beautiful Bill Act' offers relief to NRIs by reducing the proposed remittance tax from 3.5% to 1%. Trans...28 Jun, 2025, 05.33 PM IST
- Outward remittances under LRS rise 8% in April 2025, led by travel spendingOutward remittances under LRS saw an 8% increase, reaching $2.5 billion in April 2025, driven by a surge in international travel spending, ...26 Jun, 2025, 12.27 AM IST
- One Big Beautiful Bull@$#!: Trump’s move challenges foundations of remittance flows, affecting India’s economy and diasporaDonald Trump's proposed 'One, Big, Beautiful Bill' introduces a 5% tax on remittances from the US, significantly impacting countries like I...22 May, 2025, 10.59 PM IST
- Indians spend $3.2 billion overseas in August, driven by travel and educationIn August 2024, Indians spent $3.2 billion abroad, majorly on travel and education, despite a new 20% tax on remittances. Travel expenses a...22 Oct, 2024, 11.13 AM IST
- Wise eyes more of India’s $32 billion in overseas remittancesWise Payments Ltd. is gearing up to resume signing up new customers in India for overseas remittances. The London-based fintech firm had pa...12 Aug, 2024, 10.13 AM IST
- Spend on the world like never beforeIndians drive outbound remittances, preferring foreign airlines due to underdeveloped domestic industry. Improving connectivity and tourism...01 Jul, 2024, 11.15 PM IST
- Progressive rethink on the TCS frontRBI has in place measures to raise inward remittances, and a similar tightening of rules for outflow should suffice. Caution over conservin...29 Jun, 2023, 11.25 PM IST
- Kotak Mahindra Bank announces launch of Kotak Remit on mobileFor the first time, Kotak customers can conveniently transfer money internationally to their beneficiaries straight from their mobile, Kota...15 Feb, 2021, 03.09 PM IST
- India was the top recipient of remittances worldwide in 2018India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migra...20 Jul, 2019, 11.00 PM IST
- How the matrix of remittances is changing for IndiansIn 2017, Indians overseas sent $69 bn home, the largest remittance for any country in the world. Despite the trend, the remittance matrix i...01 Jul, 2018, 02.49 PM IST
- Indians sent record amount of money abroad in JanuaryOutbound remittances by individual residents touched a new high of $1.2 billion in January, according to Reserve Bank of India data.26 Mar, 2018, 06.37 AM IST
- Western Union sees opportunity in outbound remittancesIndia was one of the few countries that did not allow full-fledged money changers like WU to transfer money abroad. However, the central ba...03 Mar, 2018, 07.52 AM IST
- High outbound flows slow deposit growthIndians remit three times more in Apr-Feb '16 than the entire FY15 after the RBI doubles cap.13 Apr, 2016, 12.22 PM IST
- Outbound remittances triple between April & October, add to pressure on RupeeOutward remittances from India crossed $2 billion in the April-October period from $665 million a year earlier and about $1.4 billion in 20...22 Jan, 2016, 04.42 AM IST
- ICICI to bank on overseas corp fundingICICI Bank has said that it will increase the share of revenue from international business to 25% to its overall business in the next 18 mo...22 Feb, 2007, 02.06 AM IST
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