$30 billion outflows in FY25: RBI to review remittance scheme – Times of India
MUMBAI: RBI is reviewing its ‘liberalised remittance scheme’, which saw outflows of around $30 billion in FY25, as it looks to rationalise the facility and promote the rupee as an international currency.RBI is carrying out a comprehensive review of the legal framework, annual limits, permitted purposes, and payment modes under the scheme. A revised framework…