India's external debt-to-GDP ratio stood at 24 per cent as of June-end
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Mumbai: India's external debt stood at USD 482.9 billion as of June-end, up 1.8 per cent from March-end, the Reserve Bank of India said. India's external debt-to-GDP ratio stood at 24 per cent as of June-end, recording an increase of 23.7 per cent over its level at March-end 2015.
"Excluding valuation gains due to appreciation of the US dollar against the Indian rupee and other major currencies, the increase in external debt during the quarter would have been higher at USD 10.1 billion," RBI said. The country's ratio of short-term residual debt to forex reserves fell to 51.9 per cent in June-end, from 54.2 per cent in March-end 2015, RBI said.
( Source : PTI )
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