Indian cos park $1.4 bn overseas in Sept

Indian companies directly invested $1.4 billion overseas in September, lower than $1.9 billion a month ago, data from the RBI showed on Monday.

Bank guarantees for such investments fell sharply to $653.6 million in September from $1.1 billion in the previous month, while equities and loans also declined to $478.6 million and $226.4 million respectively, the data showed.