In the first 26 days of this month, remittances of 194 crore 94 lakh (1.94 billion) US dollars have arrived in the country legally. In other words, daily average remittances are about 7.5 million dollars. This information is known from the updated report published by the central bank on Sunday (October 27).
According to the information of the central bank, in 26 days, 547.3 million dollars came through state-owned banks, 100 million dollars through a specialized bank, 129.7 million dollars through private banks and 51 million dollars through foreign banks.
In the first month of the current (2024-25) financial year, remittances of 191 crore 37 lakh 70 thousand dollars came in July, 222 crore 41 lakh 50 thousand dollars in August and 240 crore 47 lakh 90 thousand US dollars in September.
In the last financial year (2023-24), expatriates sent remittances equivalent to two thousand 392 million US dollars. This amount of remittances is the second highest collection ever. The highest record remittance in the country's history came in the fiscal year 2020-21. In that financial year, expatriates sent remittances of 2 thousand 477 million dollars.
