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Indians overseas asset holding falls by $40 bn in Dec quarter

April 01, 2025

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The New Indian Express Kottayam

ASSETS held by Indians overseas declined by $40.1 billion, while the claims of non-residents on the country also declined by $29.1 billion, resulting in an increase in the net foreign liabilities of the country by $11 billion to $364.5 billion during the December 2024 quarter.

- BEN KOCHUVEEDAN @ Mumbai

The fall was primarily due to the valuation effect as the rupee was under tremendous pressure during this period. According to the quarterly numbers relating to the country's international investment position for December 2024 quarter released by the RBI, net claims of non-residents on the country increased by $11 billion during the reporting period.

المزيد من القصص من The New Indian Express Kottayam

The New Indian Express Kottayam

Gaps in women’s edu, eco empowerment: Data

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The New Indian Express Kottayam

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Draft UCC by July 5, bill in monsoon session of House

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time to read

2 mins

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The New Indian Express Kottayam

Hormuz reopening crucial for global trade: Doval

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time to read

1 mins

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The New Indian Express Kottayam

Elephant task force deployed as tuskers threaten Haridwar Kumbh

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time to read

1 min

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The New Indian Express Kottayam

Tata Electronics cyber attack: Firms need AI-era data security, say experts

A day after Tata Electronics disclosed a cybersecurity incident, industry experts said enterprises need to adopt a new approach to cyber resilience as AI-driven threats become more sophisticated and frequent.

time to read

1 min

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The New Indian Express Kottayam

The New Indian Express Kottayam

Nifty, Sensex drop over 1% each on global cues

HIT by negative global cues amid a sharp selloff across AI technology stocks, India’s equity market came under pressure on Tuesday with the benchmark indices - BSE Sensex and NSE Nifty50 — sliding over 1% each.

time to read

1 mins

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The New Indian Express Kottayam

The New Indian Express Kottayam

Telegram services resumed as govt ban ends

TELEGRAM, the instant messaging platform, started functioning again on Tuesday after the temporary ban imposed by the government ended at midnight on June 22.

time to read

1 min

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