MUMBAI, India, March 28 -- Reserve Bank of India issued the following press release:
Today, the Reserve Bank released data relating to India's International Investment Position for end-December 2024[1].
Key Features of IIP in end-December 2024:
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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.
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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 (Table 1).
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The decline in Indian residents' foreign assets during October-December 2024 was mainly on account of the decrease of US$ 70.1 billion in reserv...