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Nations sending highest remittances to India

A view of the Shiite Muslim mosque al-Rasul al-Aazam (R) in the Matrah neighborhood of Muscat which is also a touristic area, on July 18, 2012. AFP PHOTO/ MOHAMMED MAHJOUB ====FRANCE OUT====

Rupee fall: NRIs in these nations must be happy!

A weak rupee may be bad news for the country, but NRIs in these nations have a reason to rejoice.
India is the largest recipient of global remittances in the world, receiving $69 billion in 2012, according to a World Bank report. The money that expatriates send will have more value now because of a depreciating rupee.
A remittance is a transfer of money by a foreign worker to his or her home country.

: Migration and Development Brief 2012 from the World Bank’s Migration and Remittance Unit