Direct investment rises in FY20, portfolio investment declines: RBI

Direct investment into the country rose by $19 billion while portfolio investment declined by $13.7 billion during 2019-20, according to the data on the International Investment Position (IIP) released by the Reserve Bank on Tuesday. International financial assets of Indian residents increased by $73.9 billion due to the rise in reserve assets and overseas direct investment by $64.9 billion and $13.0 billion, respectively, though other investments declined marginally during the year, the RBI said in a release. 

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