India, Mexico and China lead global remittance inflows
Remittances to India
Latest in Remittances to India
non-resident Indians
NRI remittances to India hit $107bn in FY24: Report
This is the second year in a row expat Indian remittances cross the $100 bn mark
cash remittance
Remittances to MENA region fall over 5% to $61bn, Egypt slumps while India and Philippines among top recipients
Remittances into the Middle East and North Africa fell during 2023, according to a World Bank report
expat remittances
Indians living in UAE and Saudi allowed to make payments through UPI
Indian expats can now make UPI payments through the government-backed system while in India or abroad through NRE accounts
expat remittances
UPI payment facility for NRIs: Remittances to India by currency exchange houses set to see big fall
Banks in GCC will also be impacted as the number of remittance transactions could come down significantly with expats resorting to few and large transfers instead of numerous small transfers
expat remittances
Expat Indian remittances from Middle East set to surge as rupee totters around 80 against USD
India’s decision to amend certain rules related to the FCRA to allow residents to receive up to $12,644 – up from $1,264 earlier – from their expat relatives without informing authorities is also expected to add to the remittances flow
currency market
Plunge in rupee value to push up remittances from Gulf-based expat Indians
Rupee was trading at 78.05 INR to US dollar and 21.25 INR against AED in the early trading hours on Tuesday
expat remittances
UAE-India remittances flow slumps by 17% as Covid fuels 2020 job losses
World Bank says India saw remittances fell by just 0.2% in 2020 overall, as resilient flows from the US and other host countries offset decline
dollar indian rupees
Remittances from the Gulf to India flow fast as rupee falls in value
Indian rupee ended at 75.05 against the US dollar as trading closed on Monday, lower by 187 paise or 2.55 percent from the previous Monday, posting one of its sharpest falls in recent months