Overseas remittance in focus: I-T uncovers Rs 1.29 lakh crore trail - money sent to China, UAE & more

Aug 20, 2026 - 12:00
Overseas remittance in focus: I-T uncovers Rs 1.29 lakh crore trail - money sent to China, UAE & more

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The probe comes as the rupee remains under significant pressure. The Reserve Bank of India has been regularly selling dollars in the foreign exchange market to contain volatility and prevent sharp, disorderly movements in the currency.

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