Overview
According to data released by the Reserve Bank of India (RBI), in its monthly bulletin for March, outward remittances under the scheme stood at $22.08 billion during the April–January period of FY23.
Outward remittances from India have witnessed a decline of about 22 per cent, MoM, in February 2023, While, outward remittance towards investment on debt/equity saw a decline of 18 per cent, MoM, revealed the latest data collated by 1Lattice (Prev. PGA Labs).
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