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India’s end-June external debt rises 3% to $485.8 billion, says RBI

The external debt to gross domestic product stood at 20.3% at the end of June, up slightly from 20.2% at the end of March.

business Updated: Sep 29, 2017 18:49 IST
Reuters, Mumbai
RBI,External debt,Reserve Bank of India
A police officer stands guard in front of the Reserve Bank of India head office in Mumbai.(Reuters file)

India’s April-June external debt rose 3% to $485.8 billion from the January-March quarter due to an increase in foreign investment inflows into debt markets, the Reserve Bank of India (RBI) said on Friday.

Meanwhile, the external debt to gross domestic product stood at 20.3% at the end of June, up slightly from 20.2% at the end of March, the RBI added.

On a residual maturity basis, short-term debt constituted 41.1% of total external debt at the end of June, down from 41.5% at the end of March.

First Published: Sep 29, 2017 18:42 IST