The cost for Indians in the US sending money back home will rise, with their total annual outgo is likely to cross USD 1.6 ...

The special drawing rights were, however, down $26 million to $18.53 billion. India's reserve position with the IMF was also ...

According to the Reserve Bank of India’s (RBI) guidelines, in cases where excess or shortfall of funds occurs due to foreign exchange fluctuations, a deviation of up to 0.5% of the total consideration ...

The US is considering a 5% tax on remittances, which will impact Indians sending money back home. This could lead to a significant increase in costs for them.