India’s Outward Remittances Slip 2% To $28.98 Billion In FY26: RBI Data
India’s outward remittances under the Reserve Bank of India Liberalised Remittance Scheme (LRS) declined nearly 2 per cent year-on-year (Y-o-Y) to $28.98 billion in financial year 2025-26 (FY26), reflecting softer overseas education spending and moderation in international travel amid rising global uncertainty. According to RBI data, outward remittances stood at $29.56 billion in FY25. The […]