According to India's international investment position for the October-December period of the current fiscal, released by the Reserve Bank of India (RBI) on Friday, net claims of non-residents in India declined by $12 billion during October-December 2022 and stood at $374.5 billion. The reduction in net claims was due to higher rise in Indian residents' overseas financial assets ($28.7 billion) as compared with the increase in foreign liabilities of Indians ($16.7 billion).