US$ 7 million withdrawn from SCRA accounts

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US$ 7 million withdrawn from SCRA accounts

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More than seven hundred thousand US$ worth of foreign investment has been withdrawn from Special Convertible Rupee Accounts (SCRA) in the first month of March in 2011.

06 March,2011 06:43 pm

According to the statistics provided by the central bank, foreign investment of US$1.67 million has been done and a total investment of 1.75 million dollars has been withdrawn from March 1 to March 6, 2011.As a result the foreign investment in the SCRA ended with a loss US$ 769,000 in the first week of March. During this time, American investors put in US$ 4 million and 23 thousand and withdrew US$ 4 million and 62 thousand. On the other hand, investors from the United Kingdom put in US$ 600,000 and withdrew total investment worth more than US$ 1million.