The outward remittances by resident individuals for different reasons like buying shares, property in a foreign country, making deposits or donations as also education and tours and travels overseas has witnessed an increase over the last couple of years.
Outward remittances stood at USD 431 million in the first six months of the current financial year against USD 440.5 million during the whole of 2007 and 2008, according to the data available with the Reserve Bank of India (RBI).
A large part of the remittance amounting to USD 233 million was under the `others` category out of total remittance of USD 431 million. Read more
No comments:
Post a Comment