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Saturday, July 11, 2020

LRS

LRS NEWS

Resident Indians remit record $18.75 bn in FY20; travel, education LRS dominate

May 16, 2020 12:14 am

Sources in the banking industry say while study-related remittance has been growing, over the years, a lot of remittance is also on account various factors including weak investment sentiment in India.

$1 billion was sent overseas for students in last 9 months: RBI

April 19, 2016 12:17 pm

The figures released by the RBI shows that outward remittances under the Liberalised Remittances Scheme (LRS) have surged by close to 200 per cent over last year.

It's only a rollback,our remittance limit more than China's: Reserve Bank

August 17, 2013 4:20 am

China allows remittances of $ 50,000 a year only despite holding forex reserves of $ 3 trillion,” the RBI source said.