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Foreign Exchange Earnings register 10% growth in April, 2018

 

By TIOL News Service

NEW DELHI, MAY 23, 2018: MINISTRY of Tourism estimates monthly Foreign Exchange Earnings (FEEs) through tourism in India, both in rupee and dollar terms based on the credit data of Travel Head from Balance of Payments of RBI for the previous year.

The highlights of the estimates of FEEs from tourism in India for April 2018 are as below:

++ FEEs during the month of April 2018 were Rs. 15,713 crore as compared to Rs. 14,260 crore in April 2017.

++ The growth rate in FEEs in rupee terms in April 2018 over April 2017 was 10.2%.

++ FEEs during the period January- April 2018 were Rs. 68,629 crore with a growth of 14.2%, as compared to the FEE of Rs. 60,079 crore in January-April 2017.

++ FEEs in US$ terms during the month of April 2018 were USD 2.393 billion as compared to FEEs of USD 2.211 billion during the month of April 2017.

++ The growth rate in FEEs in USD terms in April 2018 over April 2017 was 8.2%.

++ FEEs during the period January-April 2018 were USD 10.621 billion with a growth of 17.4% as compared to the FEE of USD 9.044 billion in January- April 2017 with a growth of 17.5% over January- April 2016.

 


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