Indias December external debt falls to $456.1 billion: Govt
Indias December external debt falls to $456.1 billion: Govt
India`s end-December external debt fell by $29 billion to $456.1 billion from end-September, largely driven by a decline in long-term debt, the finance ministry said on Friday.
The fall in Non-resident Indian deposits reflected Foreign Currency Non-Repatriable (B) deposits redemption.
On a residual maturity basis, short-term debt constituted 41.4 percent of total external debt at end-December.
Sources from Bloomberg said that external debt dominated by long-term borrowings which were at $372.2b as of end-December.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.