India's Foreign-Owned Assets Rose By $37.3 Billion In September Quarter
NDTV
According to India's international investment position, the liabilities stood at $1,258.9 billion during the July-September quarter
India's foreign-owned assets went up by $37.3 billion in the September quarter while Indian residents' overseas financial assets rose by $31.9 billion during the same period, according to data released by the Reserve Bank of India (RBI).
As per India's International Investment Position (IIP), the liabilities stood at $1,258.9 billion during the July-September quarter as compared to $1,221.6 billion at June-end 2021.
The assets stood at $927.1 billion at September-end, up from $895.2 billion in June quarter.
"Foreign-owned assets in India increased by $37.3 billion during the quarter whereas Indian residents' overseas financial assets recorded lower rise of $31.9 billion, nearly three fourths of which came from build-up in reserve assets; partly reflecting the allocation of special drawing rights (SDRs) by the International Monetary Fund (IMF) in August 2021," RBI said.
