Outward remittances under LRS decline in July pulled down by travel and education spends
The outward remittances under Reserve Bank of India’s (RBI’s) Liberalised Remittance Scheme (LRS) declined 10.9 per cent year-on-year (Y-o-Y) in July 2025 at $2.45 billion. Analysis of the various purposes of remittances showed that decline in international travel spends and payments for overseas education primarily led to the total decline as investment in equity, deposits, […]

