Friday, January 1, 2016

India's end-Sept external debt at $483.2 bn: Govt

India's external debt was at $483.2 billion at end-September, down $291 million from end-June, the finance ministry said in a release on Thursday.

Long-term debt accounted for 82.2 per cent of the total external debt.

India's forex reserves were sufficient to cover 72.5 per cent to the total debt at end-September compared with 71.9 per cent at end-March. The ratio of short term external debt to foreign exchange reserves was 24.6 per cent against 25.0 per cent at end-March, the ministry said.

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