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Actual FDI inflows up at $2.3 bn till July

Foreign direct investment inflows during the current year till July 2001 have registered a marginal increase of 3.6 per cent at $2.30 billion as compared to $2.22 billion during the corresponding period in 2000.

During July this year the inflow of FDI stood at $570 million registering a growth of 74 per cent compared to the previous month, an official statement said in New Delhi.

The FDI inflows during the same period in 1999 were $1.80 billion.

Inflows through Foreign Investment Promotion Board route were $899 million and $411 million through the Reserve Bank of India automatic system, it said.

The amount raised through a combination of American depository receipts and global depository receipts was $343 million.

The inflows in the form of acquisition of shares stood at $179 million and from the non-resident Indians schemes under RBI the FDI inflows were $47 million.

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