.....It is a trend that should make RBI Governor Raghuram Rajan happy. Indians are cutting back on their investments and remittances overseas. According to RBI data, Indians sent a mere $75 million (Rs 470 crore today) abroad in August for investing in shares, property and education and as gifts for relatives living overseas. This is a third lower than the average monthly outflow of $115 million between April and July. Money sent abroad has fallen after five years of sustained increase...........
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