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“At end-September 2022, India’s exterior debt was positioned at USD 610.5 billion, recording a lower of USD 2.3 billion over its degree at end-June 2022,” it stated.
Valuation good points because of the appreciation of the US greenback vis-a-vis main currencies such because the euro, yen and Indian rupee was positioned at USD 10.6 billion.
“Excluding the valuation impact, the rise in exterior debt would have been USD 8.3 billion as a substitute of a lower of USD 2.3 billion at end-September 2022 over end- June 2022,” it famous.
At end-September 2022, long-term debt (with unique maturity of above one 12 months) was positioned at USD 478.7 billion, recording a fall of USD 8 billion over its degree at end-June 2022, it stated.
Then again, the share of short-term debt (with an unique maturity of as much as one 12 months) in complete exterior debt elevated to 21.6 per cent at end-September 2022 from 20.6 per cent within the earlier quarter.
US greenback denominated debt remained the most important element of India’s exterior debt, with a share of 55.5 per cent at end-September 2022, adopted by the Indian rupee (30.2 per cent), Particular Drawing Rights (SDR) (6.1 per cent), yen (4.9 per cent), and the euro (2.6 per cent), it stated.
