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liberalised remittance scheme

Stabil1 Meldungen1 QuellenZuletzt aktualisiert: 24.05.2026

Verwandte Themenoverseas travel remittances Reserve Bank of India rupee oil prices Narendra Modi foreign exchange

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Indians Cut Overseas Travel Spending by $212 Million in March

24.05.2026KI-Zusammenfassung

Indians Cut Overseas Travel Spending by $212 Million in March

Indians significantly reduced overseas travel spending in March, with remittances dropping by over $212 million from February, according to RBI data. This decline is attributed to rising oil prices, a weakened rupee, and a call from PM Modi to curb foreign travel.