The Reserve Bank of India (RBI) has shared details on India’s International Investment Position (IIP) at the end of December 2022. According to the data, non-residents’ net claims in India dropped by US$ 12.0 billion between October and December 2022, settling at US$ 374.5 billion by the end of December 2022.
The increase in India’s foreign liabilities was mainly driven by trade credits and loans. Additionally, reserve assets made up 64.3% of India’s international financial assets as of December 2022.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Furthermore, the data released by the RBI shows that India’s international assets accounted for 70.0% of its international liabilities by the end of December 2022, compared to 72.5% in the previous year.
Meanwhile, the proportion of debt liabilities in total external liabilities slightly increased to 50.2% at the end of December 2022 from 49.8% in the previous quarter and 48.4% in the same period the previous year.
Find More News Related to Banking
In a monumental moment for South African cricket, the Proteas claimed their first-ever ICC trophy…
The ICC World Test Championship (WTC) is a premier biennial Test cricket tournament organized by…
Every year on June 15, the world comes together to observe World Elder Abuse Awareness…
Every year on June 14, countries around the globe observe World Blood Donor Day to…
In a historic development for cross-border sustainable finance, DFCC Bank PLC of Sri Lanka has…
In a significant step towards boosting indigenous defence capabilities, the Indian Army has successfully conducted…
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="448px" width="448px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
