Indians sent a record amount of money abroad in June to buy equity and debt, accelerating a trend among local investors to diversify their portfolios overseas. Resident individuals remitted $457 million for the month through the Liberalized Remittance Scheme for buying such assets, according to data published by the Reserve Bank of India late Tuesday. The surge reflects growing confidence in international markets and a shift toward global asset allocation amid domestic volatility.

Analysts note the outflow is driven by both wealth preservation and return-seeking behavior. The data underscores India's increasing integration with global financial systems. This marks the highest monthly remittance under LRS for foreign securities to date.

Regulatory authorities continue to monitor capital flows for stability. The trend aligns with broader patterns of rising overseas investment from emerging markets.