Remittances Jump 3.6% to $2.39 Billion in May 2026

In May 2026, remittances under the Liberalised Remittance Scheme (LRS) reached a whopping $2.39 billion, up 3.6% thanks to a boost in overseas investments. While deposit-related remittances soared, travel and education funds took a nosedive, leaving us scratching our heads about the money trail! It's a wild ride in the remittance world, full of highs and lows.

Quick rundown

1.Outward remittances under LRS grew 3.6% YoY in May 2026.

2.Deposit-related remittances more than doubled to $118.12 million.

3.Travel-related remittances slipped nearly 7.7% YoY.

4.Remittances for overseas education declined 38% YoY.

5.LRS allows remittance up to $250,000 per financial year.

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