Indian companies parked $2.31 bn overseas in Nov: RBI

Loans fell sharply to $225.85 million from $501.80 million. Photo: Priyanka Parashar/Mint
Reuters: Mint :Thu, Dec 13 2012. 06 47 PM IST

Bank guarantees for such investments rose to $1.37 billion, from $1.02 billion in October

Mumbai: Indian companies directly invested $2.31 billion overseas in November, higher than $2.03 billion a month earlier, data from the Reserve Bank of India (RBI) showed on Thursday.

Bank guarantees for such investments rose to $1.37 billion, from $1.02 billion in October, while equities also increased to $713.27 million from $507.49 million.

Loans, however, fell sharply to $225.85 million from $501.80 million, the data showed.