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OFDI commitments rise 1.04% in May 2024: RBI data

13 Jun 2024 Evaluate

The Reserve Bank of India (RBI) in its latest data report on ‘Overseas Direct Investment’ has showed that the country's outward foreign direct investment (OFDI) commitments increased 1.04% at $2009.51 million in May 2024 as compared to $1988.8 million in May 2023. These OFDI commitments were $2782.61 million in the month of April 2024.

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees.  According to the report, the equity commitments rose 6.51% to $1028.76 million in May 2024 from $965.86 million a year ago. They were significantly higher than the $607.96 million recorded in April 2024.

The RBI report further noted that the loan commitments rose 16.52% to $262.75 million in May 2024 from $225.49 million in May 2023. However, it was much lower than $820.32 million in April 2024. Further, guarantees for overseas units fell 9.96% to $718 million in May 2024 from $797.46 million in May 2023. They were lower compared to $1354.33 million in April 2024.


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