Outward remittances by resident individuals under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS) were almost 11% lower year on year in July at $2452.93 million on the back of a decline towards travel as well as studies abroad.
In the year earlier period, the outward remittances stood were $2754.05 million. For 2024-25, the remittances totalled $29563.12 million.
LRS details for July 2025 released on Thursday (September 25, 2025) by RBI showed that of the total $2452.93 million, the remittance towards travel stood at $1445.34 million as against $1662.13 million, while for studies abroad it was $229.25 million ($272.16 million) and under the head gift $223.53 million ($275.26 million).
However, during the month the remittance was higher towards purchase of immovable property at $39.48 million ($24.54 million); investment in equity/debt $156.19 million ($120.86 million); and deposit $46.24 million ($41.68 million).
The RBI data showed the monthly outward remittances under LRS for May stood at $2313.16 million and for June at $2127.39 million.
The LRS was introduced on February 4, 2004, with a limit of $25,000, which the RBI revised to the present limit of $2,50,000 in phases consistent with prevailing macro and micro economic conditions. Under the scheme, all resident individuals, including minors, are permitted to freely remit up to $2,50,000 in a financial year (April – March) for any permissible current or capital account transaction or a combination of both, according to the apex bank.
Published – September 25, 2025 10:47 pm IST