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India's end-June external debt at $450.1 bln, up $7.9 bln over March - RBI

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Reuters MUMBAI

MUMBAI (Reuters) - India's total external debt stood at $450.1 billion at the end of June, up $7.9 billion or 1.8 percent from the end of March, the Reserve Bank of India said in a statement on Tuesday.

The rise in external debt during the period was mainly due to increase in commercial borrowings and deposits mobilised from non-resident Indians, the RBI said.

The share of India's short-term debt in the total external debt was at $87.9 billion or 19.5 percent as of end-June compared with 20.2 percent at end-March, the RBI added.

(Reporting by Suvashree Dey Choudhury; Editing by Anand Basu)

 

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First Published: Sep 30 2014 | 5:35 PM IST

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