Outward remittances by resident Indians under the Liberalised Remittance Scheme (LRS) fell to a two-year low in November 2025, as spending on education and overseas travel eased and seasonal factors weighed on outflows, according to a report by Times of India. Total remittances declined to $1,937.2 million from $2,364.5 million in October, marking an 18% sequential drop. Travel and education spend lead the decline
Travel, the main component, fell to $1,101.5 million from $1,352.6 million in October and $1,113.8 million a year earlier. Maintenance of close relatives also eased to $248.3 million from $273.9 million in October and $276.9 million last November.
According to TOI report, equity and debt investments declined sharply to $174 million from $273.1 million in October, though they remained above $85.8 million a year ago. Gifts fell slightly to $194.3 million from $197.5 million, below $216.5 million in November 2024. Education-related remittances also dropped, with spending on studies abroad falling to $121 million from $163.3 million in October and $172.4 million a year earlier.
Meanwhile, outstanding NRI deposits dipped by $250 million to $167.9 billion. As per the TOI report, analysts said the slowdown largely reflects seasonal travel patterns and weaker spending on overseas education, two major drivers of outward remittances.
(With inputs from TOI)