India receives five times more FDI in April-June quarter: RBI

New Delhi, Aug 13 (ANI): Signs of India's economic recovery appear to have lifted confidence levels among foreign investors, as the country received a foreign investment flow that was five times more in the in April-June quarter this year.

According to data released by the Reserve Bank of India (RBI), in the preceding quarter of January- March, the country received three billion US dollars worth of foreign investment, while in the April-June quarter it received 15-billion US dollars in foreign investment.

The data further showed that of the total investment flows during the quarter, portfolio investments accounted for 8.270 billion dollars, while direct inflows contributed 7.016 billion dollars.(ANI)