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An Indian company located in India invests in a company located abroad. This transaction is entered in India's Balance of Payments Account on:
Credit side of current account.
Debit side of current account.
Credit side of capital account.
Debit side of capital account.
Option (4) is correct.
Explanation: It is an outflow of money from Indian economy.
By: Parvesh Mehta ProfileResourcesReport error
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