Direct investments by Indian firms abroad fell 21 per cent to $2.28 billion in October 2015 compared to the same month last year, according to RBI data. Indian companies had put in $2.88 billion in the form of outward foreign direct investment in October 2014.
While in the preceding month of September 2015, the investment stood at $1.24 billion, as per the data. The investments were a mix of issuance of guarantees ($ 1.72 billion), loans ($210.94 million) and equity ($341.82 million).
lupin ltd, Tata Communications, Sintex Industries, Infosys, Mahindra Holidays and Resorts India ltd and Tata Chemicals were among the major investors overseas during the month.