Tag: India business

MUMBAI: Net claims of non-residents on India increased $12.1 billion to $379.7 billion in the June quarter on account of higher rise in foreign-owned financial assets, according to RBI data released on Thursday.Increase in reserve assets, at $16.6 billion, was the largest contributor to the rise in Indian residents' foreign assets during the April-June period, followed by direct investment, loans and trade credit, as per the data on India's international investment position' for June-end."The rise in net claims of non-residents during the quarter was on account of higher...