India's outward FDI grows $3.24 billion in Oct 2024: RBI data
Mumbai: India’s outward foreign direct investment (FDI) commitments reached $3.24 billion in October 2024, rising from $2.55 billion in October 2023. However, on a month-over-month basis, commitments declined from $3.77 billion in September 2024, according to the Reserve Bank of India (RBI).
Outbound FDI, which represents financial commitments, is categorized into equity, loans, and guarantees.
Equity commitments dropped to $655.84 million in October 2024, down from $993.35 million in October 2023 and $817.64 million in September 2024.
Debt commitments, however, surged to $1.24 billion in October 2024, compared to $248.4 million in October 2023, and exceeded the $1.16 billion recorded in September 2024.
Guarantees for overseas units remained steady at $1.33 billion in October 2024, close to $1.31 billion a year earlier, but were lower than the $1.79 billion in September 2024, according to RBI data.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Tamil Nadu: 38 dead in stampede at TVK chief Vijay’s rally in Karur; DMK calls it criminal negligence
Bhutan PM backs India and Japan for permanent UNSC seats, calls for sweeping UN reforms
Bhutan PM backs India and Japan for permanent UNSC seats, calls for sweeping UN reforms
'Epicentre of global terrorism': Jaishankar slams Pakistan at UN