FY22: As Covid curbs ease, outward remittances up 55% to all-time high - The Indian Express

Total outward remittances under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS), shot up to an all-time high of $19.610 billion in the year ended March 2022 as against $12.684 billion in March 2021, as per latest RBI data.

Foreign exchange, including the US dollar and euro, taken out of the country by resident Indians has shot up by 54.60 per cent during the fiscal ended March 2022 as countries opened up and flight ser… [+3025 chars]

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