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Non-Resident Claims on India Soar to $220.3 Billion in June: RBI
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CNBC TV18•30-09-2026, 21:01
Non-Resident Claims on India Soar to $220.3 Billion in June: RBI
- •Net claims of non-residents on India increased by $16.5 billion in the April-June quarter, reaching $220.3 billion.
- •The rise is primarily attributed to an increase in external liabilities and a decline in foreign-owned assets.
- •India's international assets to international liabilities ratio moderated to 84.6% in June 2026 from 85.7% a quarter prior.
- •Increased direct investment ($15.7 billion) and other investment ($4.2 billion) drove the rise in foreign liabilities, offsetting a decline in portfolio equity investments ($14 billion).
- •Debt liabilities constituted 56.9% of total external liabilities as of end-June 2026, showing a gradual increase in recent quarters.
Key Questions Answered
Net claims of non-residents on India increased by $16.5 billion during the April-June quarter, reaching $220.3 billion. According to RBI data, this growth was driven primarily by an increase in external liabilities and a decline in foreign-owned assets.
The ratio of India's international assets to international liabilities moderated to 84.6% in June 2026. This represents a decrease from the 85.7% recorded a quarter earlier, as detailed in the Reserve Bank of India's International Investment Position data.
The rise in foreign liabilities was mainly driven by increased direct investment of $15.7 billion and other investment of $4.2 billion. These gains compensated for a concurrent decline of $14 billion in portfolio equity investments.
