I-T uncovers Rs 1.29 lakh cr overseas remittances trail; money sent to China, UAE & more

Global - Asia Archived • August 20, 2026 •

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.

Source: Times of India | https://timesofindia.indiatimes.com/rssfeedstopstories.cms - Read Original

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