Current Affairs · Banking and Finance
With reference to the data released by the Reserve Bank of India regarding outward remittances under the Liberalised Remittance Scheme (LRS) in late 2025, consider the following statements: 1. Outward remittances under RBI's LRS increased by 24 million dollars in September 2025 to reach 2.78 billion dollars compared to the previous month. 2. Total outward remittances under the LRS scheme during the first half of FY25 declined by 7 percent year-on-year compared to the same period of FY24. 3. Under the Liberalised Remittance Scheme, resident individuals are permitted to remit up to 500,000 dollars per financial year for permitted transactions. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
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- 41 only
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1 and 2 only
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