Remittances
Latest news, explainers and analysis on Remittances. Tracking 2 stories on Arth Vani.
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Latest on Remittances
BreakingStablecoin Premium in India Soars Above 8.5% Amid Regulatory Clampdown
Indian users are facing a significant surge in the price of stablecoins like USDT, with premiums now exceeding 8.5%. This increase follows actions by the Enforcement Directorate against entities facilitating crypto transfers, disrupting a key remittance channel for NRIs and highlighting the urgent need for clearer crypto regulations.
India Records Rare $4.7 Billion Current Account Surplus as Remittances Surge
India's economy achieved a rare milestone in April with a current account surplus of $4.7 billion, fueled by strong earnings from service exports and money sent home by Indians living abroad. While oil imports remains high, this surplus strengthens the Rupee and helps keep the national economy on stable ground.
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