Indians sent $2.59 billion abroad in March 2026 via the Liberalised Remittance Scheme. This marked a 10.9% increase from the previous month. Travel spending saw a seasonal dip. However, investments in equity and debt surged significantly. Deposits abroad also showed a strong recovery. Remittances for education moderated after a peak in January.
Oil prices settle higher on slow progress in US-Iran peace talks
Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some