Overseas investment touches $109.2 bn

India's overseas investment has increased to $109.1 billion during July-September quarter, 2011.

"Direct investment abroad moved up by $2.9 billion during the quarter to $109.1 billion as at end-September 2011," the Reserve Bank of India (RBI) said in its latest report of 'India's Quarterly International Investment Position'.

At the same time, international financial assets of the country stood at $434.7 billion as on September end following an decline of $4.1 billion over the previous quarter, it said.

International financial liabilities, on the other hand, also fell by $16.7 billion during July-September to $659.6 billion.

Reserve assets decreased by $4.2 billion to $311.5 billion at end of the second quarter of the current fiscal.

Meanwhile, highlighting the impact of volatile stock market condition and global slowdown, direct and portfolio investments in India during the July-September period of the current fiscal fell by $11.6 billion and $14.5 billion, respectively.

Among other investments, trade credit and loans (mainly ECBs) increased by $2.9 billion and $7.5 billion, respectively, during the second quarter.