Workers’ remittances rebounds to 10% gain

Workers’ remittances in October saw a welcome gain of nearly 10% to $ 599 million in October.

In September, it had declined by 7% to $ 500 million.  Remittances in the first 10 months, however, were still marginally short (by 0.5%) at $ 5.87 billion as against $ 5.9 billion the previous year. By end September, the cumulative figure was down by 1.5% to $ 5.27 billion.

In October, last year remittances were down 12% year-on-year to $ 533 million and the cumulative figure was down 8%.