New Delhi [India], June 30 (ANI): The exterior debt of the nation for the 12 months ending March 2020 stood at USD 558.5 billion, the Reserve Financial institution of India (RBI) on Tuesday mentioned.
The exterior debt has recorded a rise of USD 15.four billion over its degree at end-March 2019, the RBI mentioned.
Nevertheless, throughout this era the valuation positive aspects as a result of appreciation of the US greenback vis-a-vis Indian rupee and different main currencies had been positioned at USD 16.6 billion.
“Excluding the valuation impact, the rise in exterior debt would have been USD 32.zero billion as a substitute of USD 15.four billion at end-March 2020 over end-March 2019,” based on a launch.
Industrial borrowings, with a share of 39.four per cent, are the biggest parts of the nation’s exterior debt, adopted by non-resident deposits (23.four per cent) and short-term commerce credit score (18.2 per cent), amongst others.
It additionally mentioned that US dollar-denominated debt continues to be the biggest part of India’s exterior debt with a share of 53.7 per cent at end-March 2020, adopted by the Indian rupee (31.9 per cent), yen, and so forth.
At end-March 2020, long-term debt (with an unique maturity of above one 12 months) was positioned at USD 451.7 billion, recording a rise of USD 17.zero billion over its degree at end-March 2019.
The share of short-term debt (with an unique maturity of as much as one 12 months) in whole exterior debt declined to 19.1 per cent at end-March 2020 from 20.zero per cent at end-March 2019; the ratio of short-term debt (unique maturity) to overseas trade reserves declined to 22.four per cent at end-March 2020 (26.three per cent at end-March 2019), based on the discharge. (ANI)