India's services exports fall for 2nd month in Feb at USD 31.62 bn

India's services exports decreased for the second consecutive month in February to USD 31.62 billion. Imports also dropped to USD 14.5 billion, although annual services exports increased by 11.6 percent. The RBI noted that net foreign claims on India rose by USD 11 billion, while foreign assets of Indian residents declined by USD 40.1 billion.