As rupee dips, I-T steps up vigil on shady outflows
- Posted on May 14, 2026
- By Business News Today
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- 1 min read
As rupee dips, I-T steps up vigil on shady outflows
In multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dates of birth to transfer money under RBI's liberalised remittance scheme (LRS) which bars a resident from spending and investing more than $250,000 a year abroad.
