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I-T uncovers Rs 1.29 lakh cr overseas remittances trail; money sent to China, UAE & more

Times of India

BusinessTimes of India·Aug 20, 2026·1 min read

I-T uncovers Rs 1.29 lakh cr overseas remittances trail; money sent to China, UAE & more

The probe comes as the rupee remains under significant pressure. The Reserve Bank of India has been regularly selling dollars in the foreign exchange market to contain volatility and prevent sharp, disorderly movements in the currency.

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