1 week ago
India's LRS Remittances Rise as Travel, Investments Surge
Indian residents sent more money abroad in June 2026 than they did in May.
They used a government program called the Liberalised Remittance Scheme, or LRS.
The total amount sent was about $2.55 billion.
Much of the money was used for travel.
People also sent more money for investments in foreign shares and debt.
Travel-related transfers were about $1.37 billion.
This was more than half of all the money sent under the scheme.
The Reserve Bank of India published the figures.
The article gives two different figures for May, so that part of the report is unclear.
Outward remittances under India's Liberalised Remittance Scheme rose 6.46% month-on-month in June 2026 to $2.55 billion.
Resident individuals remitted $2,551.34 million in June, compared with $2,396.42 million in May.
The increase was attributed to higher overseas investments in equity and debt and increased travel outflows.
Travel remittances rose 6.6% to $1,366.81 million from $1,282.63 million in May.
The article also cites $2,127.39 million as a May figure, creating a discrepancy in the reported monthly data.
- Who
- Resident individuals in India, with data released by the Reserve Bank of India.
- What
- Outward remittances under the Liberalised Remittance Scheme increased to $2,551.34 million in June 2026.
- Where
- Money was remitted from India to overseas destinations.
- When
- June 2026, compared with May 2026.
- Why
- Higher travel spending and increased overseas investments in equity and debt drove the rise.
Key facts
- June LRS remittances
- $2,551.34 million
- Reported month-on-month increase
- 6.46%
- Travel remittances in June
- $1,366.81 million
- Travel remittances in May
- $1,282.63 million
- Travel increase
- 6.6%
- Annual LRS limit
- $250,000 per resident individual in a financial year
- Reported May figures
- The article cites both $2,396.42 million and $2,127.39 million.
Sources
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