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End-June External Debt at $450.1 Billion, Up $7.9 Billion Over March: RBI

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Mumbai: India's total external debt stood at $450.1 billion at the end of June, up $7.9 billion or 1.8 per cent from the end of March, the Reserve Bank of India said in a statement on Tuesday.

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The rise in external debt during the period was mainly due to increase in commercial borrowings and deposits mobilised from non-resident Indians, the RBI said.

The share of India's short-term debt in the total external debt was at $87.9 billion or 19.5 per cent as of end-June compared with 20.2 per cent at end-March, the apex bank added.

Copyright @ Thomson Reuters 2014

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