Interrupting a two-month streak of decline, outward foreign direct investment (FDI) rose sequentially to $1.85 billion in July over $1.07 billion in June, an increase of 73 per cent.
However, it was lower than the $2.18 billion in July last year, according to the Reserve Bank of India data.
Outbound FDI, expressed as financial commitment, has three components - equity, loans, and guarantees.