MUMBAI 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)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column