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Indians’ overseas remittances rise 20% to $2.55 billion in June: RBI

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Indians’ overseas remittances rise 20% to $2.55 billion in June: RBI

Travel continues to dominate residents’ outward remittances, while investment-related transfers have also increased significantly during the first quarter of 2026-27.

Remittances rose 6.5% month-on-month to $2.5 billion in June, nearly 20% higher than a year earlier.

June remittances were 11.6% higher than April and 6.5% above May, making June the highest monthly level in Q1FY27. Equity and debt investment remittances surged 91.4% from April to $456.69 million in June, totalling $1.06 billion in Q1FY27. Maintenance of close relatives accounted for $287.04 million and gifts for $211.49 million in June, while property purchases stood at $49.65 million. FY26 LRS remittances stood at $28.98 billion, with travel accounting for $16.44 billion, followed by maintenance of close relatives at $3.54 billion.

Outward remittances by resident Indians under the Liberalised Remittance Scheme (LRS) rose 19.9% year-on-year to $2.55 billion in June 2026, the highest monthly level in the first quarter of 2026-27, according to Reserve Bank of India data. LRS remittances stood at $2.29 billion in April and $2.40 billion in May, before rising to $2.55 billion in June. The June figure was also 11.6% higher than April. Cumulatively, resident Indians remitted $7.23 billion under the LRS during April-June 2026. Travel remained the largest category, accounting for $1.37 billion, or 53.6% of total LRS remittances in June. This included $853.11 million under other travel, which covers holiday trips and payments for settling international credit-card transactions, and $488.32 million for travel related to education. Advt

4%. 06 billion during April-June. 04 million. 74 million. 76 million in June.


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