RBI report: Indians' foreign financial assets fell $ 43.9 billion in July!

Business News Determination !!! According to the RBI report released on India’s international investment status (IIP) for September 2022 on Friday, the foreign financial assets of Indian residents had a $ 43.9 billion drop during the July 2022 period. However, the lack of financial assets of non -residents in India was relatively lower than $ 9.6 billion. At the same time, there was an increase in direct foreign investment, along with trading loans, currency and deposits. According to the report, the net claim of India on India in September 2022 increased by 34.3 billion to $ 389.6 billion during the second quarter of 2022-23. The decline in the foreign obligations of India during the second quarter of the current financial year was mainly due to direct investment (pure) outflow. In addition, the report states that the change in the exchange rate of the rupee compared to other currencies also influenced the changes in the obligations, when it was evaluated in terms of the dollar. -Ians CC/ANM shares this story