Outward remittances under LRS flat at $2.36 billion

Outward remittances under the Liberalised Remittance Scheme (LRS) were largely stable in October at $2.36 billion versus $2.40 billion a year ago. Indians spend $1.35 billion on travel and $163 million on studying abroad in October. Maximum yearly increase is seen in investments in equity and debt, standing at $273 million in October from $149 million a year ago, while remittances for studies abroad has fallen to $163 million from $221 million a year ago. The LRS, introduced by the Reserve Bank of India , permits resident individuals to remit funds abroad for specific current and capital account transactions, subject to an annual limit. (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price (You can now subscribe to our ETMarkets WhatsApp channel ) (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025 , Share Market on Budget 2025 and expert advice , on ETMarkets . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today . Top Trending Stocks: SBI Share Price , Axis Bank Share Price , HDFC Bank Share Price , Infosys Share Price , Wipro Share Price , NTPC Share Price

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