Indian companies invested $2.57bn overseas in december

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The data from the Reserve bank of India (RBI) showed that the Indian companies have directly invested USD2.57 billion overseas in December, higher than USD2.31 billion a month earlier.

Bank guarantees for investments made by Indian companies shot up to USD1.38 billion, from USD1.37 billion in November, though equities fell to USD676.30 million from USD713.27 million.

Meanwhile, RBI's data also suggested that the loans increased sharply to USD517.98 million from USD225.85 million.

Story first published: Wednesday, January 16, 2013, 10:30 [IST]
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