India's outward FDI drops 48% to $3 billion in June

India's outward FDI commitments fell 48% to about $3 billion in June, according to RBI provisional data. Equity commitments declined to $738 million from $2.2 billion a year earlier, while debt commitments dropped to $470 million and guarantees fell to $1.78 billion. The largest equity commitment for the month was ONGC Videsh Rovuma's $40 million investment in its Mozambique venture.