What’s in the news?

• During 2021-22, India received foreign inward remittances of $89,127 million which was the highest ever inward remittances received in a single year. 
• The share of major countries in inward remittances to India, based on survey conducted by the RBI for 2020-21 through Authorised Dealers (ADs) banks, is: United States, United Arab Emirates, United Kingdom, Singapore, Saudi Arabia.
• The value of the Indian Rupee is market-determined and the RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate.

https://pib.gov.in/PressReleasePage.aspx?PRID=1897036