Indian companies park $1.4 bln overseas in Sept - cbank

Last Updated: Tue, Oct 09, 2012 03:49 hrs
A grocery shop owner counts rupees in the western Indian city of Ahmedabad

Indian companies directly invested $1.4 billion overseas in September, lower than $1.9 billion a month ago, data from the central bank showed on Monday.

Bank guarantees for such investments fell sharply to $653.6 million in September from $1.1 billion in the previous month, while equities and loans also declined to $478.6 million and $226.4 million respectively, the data showed.

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