Overseas remittances by Indian residents under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) fell by 29 per cent to $1,964.21 million in February 2025 from $2,768.89 million in January. According to RBI data, remittances for travel purpose declined by 33.77 per cent to $1,090.61 million in February 2023 from $1,646.74 million in the previous month. Outflows under the ‘studies abroad’ category declined by 50.52 per cent to $182.17 million in February from $368.21 million in January.