Indians sent record $1.2 billion abroad in January
The remittances sent overseas by Indians in January more than doubled from a year earlier to a record $1.2 billion, according to RBI data. Gifts, maintenance of relatives abroad, travel and study accounted for more than 90% of the total outflows. The cumulative outflows in the first 10 months of this financial year were $8.17 billion, the data further showed.