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.

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.

A police officer stands guard in front of the Reserve Bank of India head office in Mumbai. (Reuters file)

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.