Liberalised Remittance Scheme (LRS) Subject – Economy Context – Outward remittances under LRS rose 31% Concept – Outward remittances under the Liberalised Remittance Scheme (LRS) for individuals rose about 31 per cent year-on-year (yoy) in July 2021 to $1.31 billion, mainly on the back of increase in expenses towards studies and travel, according […]

    Liberalised Remittance Scheme (LRS) Subject – Economy Context – The outflow of foreign exchange under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) has bounced back in the first quarter ended June 30, 2021 after a steep fall during the year-ago period when the Covid pandemic hit countries across the world […]