Skip to content
Free updates Login
SSCBankingNABARD / RBI

LRS Outward Remittances Fall 4.4% in May 2025

24 July 20251 min read
ECONOMYLRS OutwardRemittances Fall4.4% in May 202524 July 2025safalsetu.com

Why in the news

Money sent abroad by Indian residents through LRS dropped in May 2025 compared with a year earlier.

Key facts

  • Fall: 4.4% year-on-year, to $2.3 billion.
  • Main reasons: weaker spending on travel and overseas education.
  • Source: RBI’s monthly bulletin.

About LRS

  • An RBI scheme for resident individuals.
  • Limit: $250,000 per financial year, no prior approval needed.
  • Covers permissible current or capital account transactions such as travel, education, gifts and investments.
  • Launched: 2004.

Exam angle

  • Annual limit: $250,000.
  • Start year: 2004.
  • Data source: RBI monthly bulletin.

Test yourself

1. What is the annual limit per resident individual under the Liberalised Remittance Scheme?

LRS permits up to $250,000 per financial year.

2. Outward LRS remittances in May 2025 fell by what percentage year-on-year?

The fall was 4.4% to $2.3 billion.

3. In which year was the Liberalised Remittance Scheme launched?

The notes say LRS was launched in 2004.

This topic is part of Daily Current Affairs 24 July 2025 (16 topics).

All topics of the dayDay quizJuly 2025

Read more