Steep fall in oil prices takes a toll on remittances4 min read . Updated: 28 Mar 2016, 08:25 AM IST
Indian expatriates sent home $15.8 billion during the third quarter of fiscal 2016, the lowest in 18 quarters
Mumbai: India’s most stable source of dollar inflows, remittances from expatriates or expats, is showing signs of slowing down, reflecting the flip side of the sharp fall in global crude oil prices, which otherwise is a big positive for the country.
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