Remittances Increased by 10.8% in January

Strong growth was steadily recorded for remittances in January. Personal remittances from land-based workers recorded $2.65 billion, while cash remittances booked $1.9 billion. The sum of money remitted by sea-based workers hiked to $500 million.

Foreign Portfolio Investment (FPI) Incurred Net Outflow in February

Foreign portfolio investments (FPI) incurred a net outflow during February while investors exchanged in their earnings with the coming rate inflation by the Federal Reserve of the United States. FPI recorded a 545.14 million US dollars net outflow during February.

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