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      Question

      Outward remittances under RBI’s Liberalised Remittance

      Scheme (LRS) in July 2025 dipped by what percentage? 
      A 8% Correct Answer Incorrect Answer
      B 9% Correct Answer Incorrect Answer
      C 10% Correct Answer Incorrect Answer
      D 11% Correct Answer Incorrect Answer
      E 12% Correct Answer Incorrect Answer

      Solution

      Outward remittances in July 2025 fell by 11% YoY, amounting to $2,452.93 million against $2,754.05 million a year earlier. The decline was mainly due to reduced spending on travel and education abroad, though remittances for property and investments increased 

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