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Indian companies parked $1.9 bln overseas in Aug, up vs July - cbank

Source : REUTERS
Last Updated: Tue, Sep 04, 2012 12:30 hrs

MUMBAI, Sept 4 (Reuters) - Indian companies directly invested $1.9 billion overseas in August, higher than $1.2 billion a month ago, data from the central bank said on Tuesday.

Bank guarantees for such investments more than doubled in August to $1.1 billion, while equities and loans posted a marginal rise at $482.3 million and $366.5 million respectively, the data showed. (Reporting by Neha Dasgupta; Editing by Prateek Chatterjee)

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