Remittances by overseas Indians set to hit record high amid rupee slump
MUMBAI: Lured by the sharp slump in rupee against the dollar, Indians living overseas may boost remittances to a record, helping bolster the nation’s efforts to support Asia’s worst-performing major currency. The country is expected to receive remittances of about $76 billion in 2018, 10% more than in the previous year, according to estimates by EbixCash, […]
