Indian companies directly invested $2.57 billion overseas in December, higher than $2.31 billion a

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month earlier, data from the RBI showed on Tuesday.

Bank guarantees for such investments rose to $1.38 billion, from $1.37 billion in November, though equities fell to $676.30 million from $713.27 million.

Loans increased sharply to $517.98 million from $225.85 million, the data showed.