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Outward remittances under RBI's LRS in April-January surpass FY22

The figure in FY22 was the highest ever in any financial year

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2 min read Last Updated : Mar 22 2023 | 12:12 AM IST

Aided by international travel, outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) during the April-January period of FY23 has already surpassed the FY22 figure, which was the highest ever in any financial year.

According to data released by the Reserve Bank of India (RBI), in its monthly bulletin for March, outward remittances under the scheme stood at $22.08 billion during the April–January period.

In January 2023 alone, the amount remitted overseas totalled $2.72 billion.

This is the highest amount remitted under the scheme in a month during the current financial year. In FY22, Indians had

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