The net claims of non-residents on India declined for the fourth consecutive quarter at $345.7 billion at end-June 2020, Reserve Bank of India (RBI) data said.

The decline of $29.7 billion in net claims during Q1 of FY21 was mainly due to an increase of $27.9 billion in reserve assets, the RBI added. Among the constituents of foreign-owned assets, loans, FDI and currency and deposits increased, whereas portfolio investment declined during the quarter.

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