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April-June external debt rises 3% to $485.8 bn: RBI

The external debt to GDP) stood at 20.3% at the end of June quarter

Reuters  |  Mumbai 

India's April-June external debt rose 3 percent 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 said on Friday. Meanwhile, the external debt to gross domestic product (GDP) stood at 20.3 percent at the end of June, up slightly from 20.2 percent at the end of March, the RBI added. On a residual maturity basis, short-term debt constituted 41.1 percent of total external debt at the end of June, down from 41.5 percent at the end of March.

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First Published: Fri, September 29 2017. 18:47 IST