GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

India's External Debt Stands at $496 Billion at September-end

On a sequential basis, total external debt at end-September 2017 increased by $10 billion (2.1 percent) from the end-June 2017 level.

PTI

Updated:December 30, 2017, 12:00 AM IST
facebookTwittergoogleskypewhatsapp
India's External Debt Stands at $496 Billion at September-end
IMAGE FOR REPRESENTATION ONLY.
Loading...
New Delhi: India's external debt reached $ 495.7 billion at the end of September quarter, up 5.1 percent over end-March 2017, primarily on account of increase in foreign investment in the debt segment of capital market.

On a sequential basis, total external debt at end-September 2017 increased by $10 billion (2.1 percent) from the end-June 2017 level.

"The rise in external debt during the period was primarily due to the increase in foreign portfolio investment (FPI) in the debt segment of domestic capital market included under commercial borrowings," the finance ministry said in a statement.

Some increase in short-term debt primarily due to trade related credit also contributed to the overall increase in total external debt.

The release further said the maturity pattern of India's external debt indicates dominance of long-term borrowings.

"At end-September 2017, long-term external debt accounted for 81.3 percent of India's total external debt, while the remaining (18.7 percent) was short-term external debt," it said.

Further, the shares of Government (sovereign) and non-Government debt in the total external debt were 21.6 percent and 78.4 percent respectively, with the former's share increasing from 19.4 percent at end-March 2017.

"This was mainly due to the increasing level of foreign portfolio investment in government securities," it said.

The US dollar denominated debt accounted for 50 percent of India's total external debt at end-September 2017, followed by Indian rupee (35.7 percent), SDR (5.7 percent), Japanese Yen (4.4 percent), Euro (3.2 percent), Pound Sterling (0.6 percent), and others (0.4 percent).
| Edited by: Ashish Yechury
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
IndusInd Bank 1,661.90 2.15
Indiabulls Hsg 917.65 -3.29
Axis Bank 590.35 2.39
SBI 267.00 1.44
Dewan Housing 272.35 -3.28
Company Price Change %Gain
Indiabulls Hsg 917.95 -3.24
Dewan Housing 272.25 -3.23
SBI 266.80 1.31
Infosys 705.45 0.91
M&M 772.70 3.22
Top Gainers
Company Price Change %Gain
M&M 773.40 3.26
ICICI Bank 320.75 2.36
Axis Bank 590.10 2.35
ONGC 163.70 2.22
IndusInd Bank 1,661.90 2.15
Company Price Change %Gain
M&M 772.70 3.22
ICICI Bank 320.45 2.31
Axis Bank 590.00 2.46
IndusInd Bank 1,660.30 2.06
ONGC 163.30 2.06
Top Losers
Company Price Change %Gain
Indiabulls Hsg 917.65 -3.29
HPCL 209.75 -1.29
NTPC 162.60 -1.25
Cipla 639.85 -1.23
Sun Pharma 593.80 -1.03
Company Price Change %Gain
NTPC 162.85 -1.03
Sun Pharma 594.05 -0.91
Wipro 318.05 -0.73
Power Grid Corp 187.20 -0.56
ITC 280.30 -0.46

Live TV

Loading...
Loading...