Indian Spending on foreign travel touched USD 596 million in June 2019
POSTED ON 30/08/2019
Spending on foreign travel touched USD 596 million in June 2019, which was 42% of the total forex purchased by Indian individuals in the month. This was revealed by the Reserve Bank of India (RBI), which started collating data under the liberalised remittance scheme since 2004.
It has been the highest spend on travel since 2004. In the last year, USD 381 million was spent on foreign travel till June 2018, which accounted for 37% of the total forex.