Times of IndiaLean R·
Driven by travel, outward transfers jump 6% to $2.7 billion
Business travel surged 365.4% to $51 million from $11 million, while other travel, including leisure trips and international credit card settlements, fell 7.4% to $713.8 million. Spending on pilgrimage travel declined 46% to $5.5 million and remittances for travel-related medical treatment fell 17.7% to $4.5 million. Investments in foreign equity and debt instruments fell 6.7% from July to $321.5 million but were 111.3% higher than in Aug 2025.
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