Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 193)
193.
Which country has become the third-largest for Foreign Portfolio Investments (FPIs) in India, surpassing Mauritius?
Answer: Option
Explanation:
Luxembourg has emerged as the third-largest country for FPIs in India, exceeding Mauritius, with its Assets Under Custody (AUC) growing by 30% to ₹4.85 lakh crore. Globally, Luxembourg's equity assets are now second only to the United States, attributed to strengthened India-Europe ties and collaborations, including those with GIFT City.
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