Archive · 30 May 2025
RBI Reviews Remittance Scheme After $30 Billion Outflows
The Reserve Bank of India (RBI) is looking closely at how people send money out of the country, called remittances.
They are reviewing a scheme that saw a lot of money, about $30 billion, leave India last year.
The goal is to make this system work better and encourage more use of the Indian Rupee in the world.
RBI is also checking other money transfer systems to make them smoother.
They want to reduce rules to make it easier to do business and protect against cyber threats and economic issues.
RBI is reviewing the liberalised remittance scheme.
Outflows via the scheme were approximately $30 billion in FY25.
The review aims to rationalize the scheme and promote the rupee.
Reviews are ongoing for money transfer and rupee drawing schemes.
RBI is enhancing financial sector resilience against growing risks.
- Who
- RBI
- What
- Reviewing the liberalised remittance scheme
- When
- FY25
- Where
- India
- Why
- To rationalize remittance scheme and promote the rupee
- Remittance Outflows (FY25)
- $30 billion
Sources
Reserve bank reviews liberalised remittance scheme and promotes rupee internationalisation
E-rupee circulation rises to Rs 1,016 crore; RBI to explore cross-border CBDC pilots
RBI says diversification of forex reserves is most critical approach amid geopolitical risks
Reserve bank reviews liberalised remittance scheme and promotes rupee internationalisation
$30 billion outflows in FY25: RBI to review remittance scheme
RBI looks to shield forex kitty as geopolitical tensions rise
