India's December external debt falls to $456.1 billion: Govt

India's December external debt falls to $456.1 billion: Govt
A man watches television inside his currency exchange shop in New Delhi. Image Source: Reuters
Written By: Reuters
Updated: Fri, Mar 31, 2017
07:17 pm
Reuters
RELATED NEWS
India's foreign debt climbs by $10 billion, at $486 billion India's foreign debt climbs by $10 billion, at $486 billion

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.