The outward remittances under Reserve Bank of India’s (RBI’s) Liberalised Remittance Scheme (LRS) declined 10.9 per cent year-on-year (Y-o-Y) in July 2025 at $2.45 billion.

Analysis of the various purposes of remittances showed that decline in international travel spends and payments for overseas education primarily led to the total decline as investment in equity, deposits, and purchase of property all saw a rise on a year-on-year basis.

According to RBI data released on Wednesday, the amount remitted under LRS towards travel was $1.4 billion in July 2025, down from $1.6 billion in the same month last year, representing a 13 per cent decline.

The amount spent for studies abroad was $0.22 billion, a 16 per cent fall from 0.27 billion last year. This comes at a time when July/August/Se

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