Outward remittances by Indians rise to highest level in 10 months to nearly $2.8 billion in July: RBI report
Outward remittances by Indians rose to their highest level in 10 months to nearly $2.8 billion in July 2024, stated an RBI report. The increase is the result of a spike in overseas travel spending, the share of which also jumped to 60% from 51% a year ago. Indians spent $1.6 bn in overseas travel in July.