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Indians sent record amount of money abroad in January

  MUBAI: Indians sent record remittances overseas in January, more than doubling from a year earlier, as more people funded children’s education in foreign universities, spent on tourism and sent money and gifts to their relatives abroad, data from the central bank showed.

Outbound remittances by individual residents touched a new high of $1.2 billion in January, according to Reserve Bank of India data. Cumulative outflows in the first 10 months of this financial year were $8.17 billion, ..



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