Overseas investments by Indian firms halve in September:RBI

Q.  Outward FDI by Indian firms has halved to USD _____ billion in September 2015, according to RBI data.
- Published on 19 Oct 15

a. 1.23
b. 1.25
c. 1.27
d. 1.24

ANSWER: 1.24
 
Overseas investment/outward FDI in the form of equity, loan and issue of guarantee by Indian firms fell by more than half to USD 1.24 billion in September. It was 3.12 billion USD a year back. In August 2015, the overseas investment was pegged at USD 2.19 billion. From the total USD 1.24 billion invested in September, USD 137.25 million was invested in equity, USD 365.83 million through loans and USD 738.25 million in the form of issue of guarantee. Major overseas investors included Ultratech Cement in Middle East, TATA Power and TATA Communications in Singapore and WNS Global Services in UK.

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