Question

    Which remittance category showed the highest decline under India’s LRS in August 2024?

    A Property purchases Correct Answer Incorrect Answer
    B Gift transfers Correct Answer Incorrect Answer
    C Studying abroad Correct Answer Incorrect Answer
    D International travel Correct Answer Incorrect Answer
    E Equity investments Correct Answer Incorrect Answer

    Solution

    Remittances for international travel fell by 1.3%, reflecting the highest decline among categories.

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