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Where Indians spent their dollar remittances abroad in February?
short by Mansi Agarwal / on Thursday, 30 April, 2026
Indians remitted $2,338.60 million abroad in February 2026 under the Liberalised Remittance Scheme (LRS), about a 19% increase from a year earlier, according to RBI data. Most of the money was spent on travel ($1,307.03 million), followed by maintenance of close relatives ($266.18 million) and investment in equity/debt ($265.99 million). Over $51 million was spent on buying immovable property.
read more at Financial Express