Nearly half of forex spends’ September fall due to dip in travel – Times of India
MUMBAI: Foreign exchange spending by Indians declined by $453 million in Sept 2024 compared to Aug, primarily due to a $200 million drop in international travel.Outward remittances under the Liberalised Remittance Scheme stood at nearly $2.8 billion in Sept, down 14% from $3.2 billion in Aug, RBI data showed. The figure is also 21% lower…