Latest News | Outward FDI Nearly Halves to USD 3.39 Bn in April
Get latest articles and stories on Latest News at LatestLY. India's outward foreign direct investment (OFDI) nearly halved to USD 3.39 billion in April on an annual basis, as per data released by the RBI on Monday.
Mumbai, May 10 (PTI) India's outward foreign direct investment (OFDI) nearly halved to USD 3.39 billion in April on an annual basis, as per data released by the RBI on Monday.
The OFDI stood at USD 6.71 billion in April 2021.
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On sequential basis too, the outward investment from India in April was lower compared to USD 3.44 billion in March 2022.
Of the USD 3.39 billion OFDI, the equity component was USD 544.87 million and loans amounted to USD 764.25 million. Indian companies issued guarantees worth USD 2.08 billion in April 2022.
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The Reserve Bank of India (RBI) further said the data is provisional and subject to change based on online reporting by banks.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)