Overview
- State Bank data show September inflows rose 11.3% year on year to about $3.2 billion, with a 1.46% increase from August.
- Cumulative workers’ remittances in July–September reached $9.536 billion, up 8.41% from a year earlier.
- Saudi Arabia ($750.9m) and the UAE ($677.1m) remained the largest sources, followed by the UK ($454.8m) and the US ($269.0m).
- KTrade reports a 2.6% month-on-month rise from GCC corridors in September, while the UK slipped 1.9% month on month.
- The rupee firmed 0.15% to Rs281.21 per US dollar on October 8, with analysts citing steady remittances and tighter administrative controls; a finance adviser projects FY26 receipts above $41 billion after $38.3 billion last year.