Thursday, July 8, 2021

Fall in outward remittances good news for India's current account

This is the first time annual remittance outflows contracted since 2015 when the Reserve Bank of India (RBI) doubled the annual limit for sending money abroad to $250,000 and allowed more current account transactions under the Liberalised Remittance Scheme (LRS).

from Economic Times https://ift.tt/3hR1DxZ

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