Foreign owned assets in India increase by USD 12.1 billion
Q. Foreign owned assets in India rose to which value in April-June quarter of 2015-2016 as against the last three months of the previous fiscal, according to RBI data?- Published on 01 Oct 15a. 891.5 billion
b. 891.2 billion
c. 881.5 billion
d. 881.2 billion
ANSWER: 891.5 billion
Foreign owned assets in India increased by USD 12.1 billion to USD 891.5 billion during April-June quarter of current fiscal as against 3 months of the previous fiscal, as per RBI data. This is on account of rise of USD 2.6 billion in India portfolio investment and increase of USD 5.6 billion in direct investment into the nation. Net claims of NRIs increased by USD 0.6 billion over previous quarter to USD 362.3 billion towards the close of June 2015, as per RBI data on IIP for the April-June quarter. Ratio of India’s global financial assets to global financial liabilities was at 59.4 percent in the month of June 2015 as against 58.9% in March 2015. Regarding the assets front, India residents’ financial assets abroad were pegged at USD 529.2 billion up from USD 11.4 billion during the preceding quarter on account of rise of USD 1.3 billion in reserve assets, according to RBI. Difference between assets and liabilities as shown by net IIP is disseminated with a quarter lag. IIP is a vital input for comprehending external sustainability and vulnerability.
