India's overseas investment touches USD 109.2 bn

India's overseas investment has increased to USD 109.1 billion during July-September quarter, 2011.

"Direct investment abroad moved up by USD 2.9 billion during the quarter to USD 109.1 billion as at end-September 2011," RBI said in its latest report of 'India's Quarterly International Investment Position'.

At the same time, international financial assets of the country stood at USD 434.7 billion as on September end following an decline of USD 4.1 billion over the previous quarter, it said.

International financial liabilities, on the other hand, also fell by USD 16.7 billion during July-September to USD 659.6 billion. Reserve assets decreased by USD 4.2 billion to USD 311.5 billion at end of the second quarter of the current fiscal.

Meanwhile, highlighting the impact of volatile stock market condition and global slowdown, direct and portfolio investments in India during the July-September period of the current fiscal fell by USD 11.6 billion and USD 14.5 billion, respectively.

Among other investments, trade credit and loans (mainly ECBs) increased by USD 2.9 billion and USD 7.5 billion, respectively, during the second quarter.