New Delhi, July 23 -- Outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals grew 3.6 per cent year-on-year (YoY) to USD 2,396.42 million in May 2026. The total foreign exchange outflow under the scheme climbed from USD 2,313.16 million in May 2025, according to data published in the RBI Bulletin.

The data revealed that the cumulative outward remittances under LRS for the full 2025-26 financial year reached USD 28,979.36 million (USD 28.9 billion). On a month-on-month basis, the May 2026 figure reflected a recovery of 4.8 per cent from USD 2,286.59 million recorded in April 2026, though it remained lower than the USD 2,594.87 million remitted in March 2026.

Travel remained the largest single category ...