Outward remittances under LRS surged to 50% over the previous year
The Reserve Bank of India on Friday, November 18, 2022, released the November 2022 issue of its monthly Bulletin. The bulletin includes the details of outward remittances under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India. Remittances under the RBI’s scheme hit a record high in the previous financial year of $19.6…