Outward foreign direct investment commitments nearly halved in May from the previous month, driven by a sharp drop in equity investments, loans and guarantees, though they remained higher than a year earlier, Reserve Bank of India data showed.Total financial commitments by Indian entities stood at $4.49 billion in May, down from $8.84 billion in April, but up 34.6% from $3.34 billion in May 2025.The month-on-month decline was largely due to a fall in guarantees, which dropped to $2.61 billion from $4.00 billion in April. Equity commitments fell to $1.25 billion from $3.54 billion, while loans declined to $632.1 million from $1.30 billion.