Rupee plunge may push remittances by NRIs to record high of $76 billion

The country is expected to receive remittances of about $76 billion in 2018, 10 per cent more than in the previous year, according to estimates by EbixCash, the financial exchange unit of US-based insurance software provider Ebix Inc. About three-fourth of the inflows come via Ebix’s outlets, the company said.

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