Question
According to the RBI data, how much did outward
remittances under the RBI’s liberalised remittance scheme (LRS) for resident individuals decline in July 2023 compared to the previous month?Solution
According to the data released by the Reserve Bank of India, outward remittances under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS) for resident individuals declined by 39.36 per cent in July 2023 compared to the previous month.
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