Indian companies park $2.57 billion overseas in Dec: RBI
MUMBAI (Reuters) - Indian companies directly invested $2.57 billion overseas in December, higher than $2.31 billion a month earlier, data from the RBI showed on Tuesday.
Bank guarantees for such investments rose to $1.38 billion, from $1.37 billion in November, though equities fell to $676.30 million from $713.27 million.
Loans increased sharply to $517.98 million from $225.85 million, the data showed.
(Reporting by Shamik Paul; Editing by Jijo Jacob)
- Tweet this
- Share this
- Digg this
- Modi eyes breakthrough nuclear pact on Japan trip
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- UPDATE 3-Ebola causing huge damage to W.Africa economies- development bank
- U.S. seeks coalition against Islamic State, but military partners no sure bet
- Modi to launch plan for every Indian household to have bank account
Jan Dhan Yojana
Prime Minister Narendra Modi will promise on Thursday to provide a bank account for every Indian household when he launches a major initiative that could save billions of dollars in welfare spending and help mend strained state finances. Full Article