New Delhi, April 10 -- Remittances to India are expected to reach a record USD 137-140 billion in FY26 before stabilising at USD 135-137 billion in FY27, according to an SBI Research report. The estimate follows strong inflows of around USD 110 billion till December this fiscal, up from USD 100 billion in the same period last year.

The report attributes the expected rise to escalating tensions in West Asia. However, it notes that growth in remittances is likely to remain steady rather than accelerate sharply in the next fiscal year.

The outlook comes after the Reserve Bank of India's Monetary Policy Committee unanimously kept the policy rate unchanged at 5.25 per cent and retained a neutral stance, indicating a wait-and-watch approach a...