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Remittance: What’s driving the surge?

The upbeat momentum in home remittances continues to surprise market participants. Inflows in 4MFY27 are up by 14 percent to USD14.8 billion. The October tally is exceptionally strong, up by 14 percent YoY to nearly USD3.9 billion in a non-seasonal month. The numbers are encouraging and should help keep the current account deficit in check. The question is what is driving these higher flows.…

First reported by Business Recorder 1 source
Image: Business Recorder
Image: Business Recorder
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  1. Business Recorder

    Remittance: What’s driving the surge? (opens Business Recorder in a new tab)

    The upbeat momentum in home remittances continues to surprise market participants. Inflows in 4MFY27 are up by 14 percent to USD14.8 billion. The October tally is exceptionally strong, up by 14 percent YoY to nearly USD3.9 billion in a non-seasonal month. The…

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