Bonanza For Indians Visiting Abroad: RBI Raises Foreign Spending Limit
Advertisement
Advertisement
Advertisement
In a move which would boost spending by Indians when they are on a foreign visit, the Notably, the RBI had reduced this limit to Rs 45 lakh in 2013 owing to extensive devaluation of the Indian currency. In June last year, the limit was again raised to Rs 75 lakh.
"On a review of the external sector outlook and as a further exercise in macro prudential management, it has been decided to enhance the limit under the liberalised remittance scheme to $250,000 (Rs 1.5 crore) per person per year," the RBI said in its sixth bi-monthly review of monetary policy.
RBI Governor
Advertisement
- Poonch Terrorist Attack: One Indian Air Force soldier dies, five injured; Patrolling intensifies across J&K
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market