Desis’ Q1 foreign trip bill at new high

In June 2019 alone, spending on foreign travel amounted to $596 million — the highest since the RBI started collating data. This year’s June travel spend accounted for 42% of the foreign exchange purchased by Indian individuals. In the first quarter FY20, international travel cost the country $1,594 billion of the total $4,181 billion in forex purchased.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZalyMW