Question
Consider the following statements regarding the net claims of non-residents on India-
Consider the following statements regarding the net claims of non-residents on India-
I.According to the data released by RBI, net claims of non-residents in India increased USD 12.1 billion to USD 379.7 billion in the June quarter.
II.Increase in reserve assets, at USD 16.6 billion, was the largest contributor to the rise in Indian residents' foreign assets during the April-June period, followed by direct investment, loans and trade credit.
III.Inward portfolio investment and foreign direct investment together accounted for three-fourths of the rise in foreign liabilities of Indian residents. Which of the following statements is/are correct?
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