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Rupee rises 5 paise to 78.05 against dollar amid foreign capital outflow
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Overseas remittances almost double year on year to $2 billion in April

Travel, relative care top the chart, with the former coming back to pre-Covid levels

Topics
Remittances | Overseas remittances | RBI

Abhijit Lele  |  Mumbai 



The funds sent under the Liberalised Remittance Scheme by resident individuals to study abroad rose to $278 mn in Sept from $160 mn a year ago.
Outward remittances were at an all-time high in FY22

Outward by resident Indians crossed the $2 billion mark to $2.02 billion in April 2022, almost doubling from level of $1.18 billion in the same month last year, according to Reserve Bank of India data.

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First Published: Fri, June 17 2022. 22:34 IST

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