India's overseas investment hits all-time high of $103.9 bn

[caption id=“attachment_97027” align=“alignleft” width=“380” caption=“Reserve assets increased by $10.9 billion to $315.7billion at end the first quarter.AFP Photo”]  [/caption]

**Mumbai:**India’s overseas investment has hitan all time high of $103.9 billion at the end of June 2011.“Direct Investment abroad moved up by $5.7 billion

during the quarter to $103.9 billion as on end-June 2011,“RBI said in a statement.

At the same time, international financial assets of thecountry stood at $435.6 billion following an increase of$ 11.1 billion over the previous quarter, it said.

International financial liabilities, on the other hand,increased by $25.3 billion during (April-June) to $669.2billion.

Reserve assets increased by $10.9 billion to $315.7billion at end the first quarter.Direct and portfolio investments in India during thefirst three month of the current fiscal rose by $13.5billion and $2.8 billion, respectively.

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Among other investments, trade credit and loans (mainlyECBs) increased by $3 billion and $4.6 billionrespectively during the April-June period.

PTI