Overseas financial assets of Indian residents declined by USD 43.9 Billion during July-September 2022: RBI
Image Credit: ANI
Overseas financial assets of Indian residents declined by USD 43.9 billion during July-September 2022 due to reduction in reserves assets, even as trade credit, currency and deposits, and overseas direct investment recorded increase, said RBI in its India's International Investment Position (IIP), September 2022 report released on Friday. The reduction in non-residents' financial assets in India was relatively lower at USD 9.6 billion.