Mumbai, April 1 -- Reserve Bank of India or RBI stated in a latest update that net claims of non-residents on India increased by US$ 11 billion during Q3:2024-25 and stood at US$ 364.5 billion in December 2024. Foreign assets of Indian residents declined by US$ 40.1 billion and the claims of non-residents' in India also declined by US$ 29.1 billion, resulting in increase in the India net foreign liabilities. The decline in Indian residents' foreign assets during October-December 2024 was mainly on account of the decrease of US$ 70.1 billion in reserve assets. Reserve assets, however, recorded an increase of US$ 13.2 billion over December 2023. The fall in India's foreign liabilities was due to the decline in inward direct and portfolio in...
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