India Tribune

Sunday, May 26th

Last update:05:19:46 PM GMT

Headlines:
Serving the Asian Indian community in the US for over 35 years. ***** Established in 1977 ***** Published in three editions - Chicago, New York and Atlanta. ***** Reaches over sixty thousand people every week.
You are here: Home India Business Less overseas invest in May: RBI

Less overseas invest in May: RBI

E-mail Print PDF

Mumbai: Indian companies’ investment overseas fell for the second straight month in May, with total outbound foreign direct investment at $2.35 billion, down 12 percent from April, data from the Reserve Bank of India showed on June 4.

Of the total outward FDI in May, bank guarantees continued to be the biggest portion at $1.19 billion, $341.37 million was towards equity purchases and $819.39 million was in loans.