Outward remittances under LRS rise 10.6% in October, shows RBI data

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In the August-October quarter of financial year 2024, Indians remitted $8.37 billion overseas, compared to $9.

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As per the LRS, introduced in 2004, all resident individuals, including minors, are allowed to remit up to $250,000 per financial year for any permissible current or capital account transaction or a combination of both.

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Article Details

Category: BusinessFinance

Markets: India

Topics: RBI LRS outward remittance Outward Remittances

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 19:59:15 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24639383

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