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Overseas investment hits all-time high of $103.9 bn

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 2:34 AM IST

India's overseas investment has hit an all-time high of $103.9 billion at the end of June 2011.

"Direct investment abroad moved up by $5.7 billion during the quarter to $103.9 billion as on end-June 2011," the Reserve Bank of India (RBI) said in a statement.

At the same time, international financial assets of the country stood at $435.6 billion following an increase of $11.1 billion over the previous quarter, the RBI said.

International financial liabilities, on the other hand, increased by $25.3 billion during (April-June) to $669.2 billion.

Reserve assets increased by $10.9 billion to $315.7 billion at end the first quarter.

Direct and portfolio investments in India during the first three month of the current fiscal rose by $13.5 billion and $2.8 billion, respectively.

Among other investments, trade credit and loans (mainly ECBs) increased by $3 billion and $4.6 billion respectively during the April-June period.

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First Published: Sep 30 2011 | 9:02 PM IST

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