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      Question

      What percentage growth in remittances was recorded in

      August 2024 under the Liberalised Remittance Scheme (LRS) compared to July 2024?
      A 4.5% Correct Answer Incorrect Answer
      B 9.2% Correct Answer Incorrect Answer
      C 12.3% Correct Answer Incorrect Answer
      D 16.6% Correct Answer Incorrect Answer
      E 20.4% Correct Answer Incorrect Answer

      Solution

      Remittances under the LRS grew 16.6% sequentially from $2.75 billion in July 2024 to $3.2 billion in August 2024.

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