Outward remittances by Indians dropped to $1.9 billion in Nov last year, the lowest since Feb 2022. The decline continued due to increased tax collection at source (TCS) in October. Remittances for studies abroad dropped to $208 million in Nov compared to $269 million in Oct, and the average remittance before the TCS was $306 million.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tZPu7Mr
