)
Net claims from non-residents on India declined marginally, by $1.2 billion over the previous quarter to $356.5 billion at end-December 2014.
This change in the net position reflected a $2 billion increase in the value of Indian residents' financial assets abroad as against a $0.8-billion increase in the value of foreign-owned assets in India.
The Reserve Bank of India (RBI) stated Indian residents' financial assets abroad stood at $490.5 billion at end-December 2014.
It was an increase of $2 billion over the previous quarter mainly due to a $6.9-billion rise in reserve assets. The other investments abroad (trade credit, loans, currency and deposits, etc) declined by $5.3 billion.
Foreign-owned assets in India were up $0.8 billion over the previous quarter to $847 billion, mainly due to an increase of $1.4 billion in other investment in India, although the stock of portfolio investments in India declined $0.6 billion, RBI added.
