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“Internet claims of non-residents on India elevated by USD 21.1 billion throughout October-December 2021 attributable to a rise of USD 16.2 billion in foreign-owned property in India mixed with a decline of USD 4.9 billion in Indian residents’ abroad monetary property,” it mentioned.
Indian residents’ abroad monetary property declined in the course of the quarter, primarily attributable to discount in forex and deposits.
As per the IIP, reserve property accounted for 68.4 per cent of Indian residents’ international property.
Additionally, the share of debt liabilities in whole liabilities elevated marginally in the course of the quarter and stood at 48.5 per cent in December 2021.
The ratio of India’s worldwide monetary property to worldwide monetary liabilities stood decrease at 72.1 per cent in December 2021 (73.4 per cent in September 2021), the RBI mentioned.
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