MUMBAI: Indian firms made direct investment of $2.11 billion in October, down 39.34 percent from a year earlier, Reserve Bank data showed.
The overseas direct investment by the local firms stood at $3.47 billion in October 2015.
For month-on-month comparison, the Indian firms had made an investment of
The major overseas investments made by the Indian firms included $622.01 million by Indian Oil CorporationBSE -7.58 % in its wholly-owned subsidiaries in the Netherlands and Singapore.
Tata Communications invested $165.86 million in a fully owned unit in Singapore while Fortis HealthcareBSE -1.19 ..