International travel drives outward remittance under LRS to $2.7 bn in July
Source: Business Standard 2 min read Last Updated : Sep 20 2024 | 9:49 PM IST Outward remittances under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS) increased by 16.7 per cent year-on-year (Y-o-Y) to $2.75 billion in July 2024 compared to $2.36 billion last year, driven by international travel. The LRS…