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With no capex to spend on, MNCs sent $7.4 billion home in Q1

With no capex to spend on, MNCs sent $7.4 billion home in Q1
With no capex to spend on, MNCs sent $7.4 billion home in Q1
Also, the deficit in overall investment income rose only marginally to $8.4 billion during the quarter from $7 billion a year ago because the outflows of income from portfolio investments almost halved to $1.2 billion from $2.5 billion.

Synopsis

More than half the $12.7 billion income repatriated is dividend and profits by multinational firms to parent companies and the remaining was by portfolio investors, data from the RBI shows.

Mumbai: Nearly $13 billion flowed out of the country in the form of repatriation by international companies in the June quarter as dividends dominated the outflow with more than half from multinational companies anticipating lower investment requirements amid demand contraction due to Covid-19.More than half the $12.7 billion income repatriated is dividend and profits by multinational firms to parent companies and the remaining was by portfolio
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