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India's end-September external debt rises to $484 billion - govt
December 30, 2016 / 11:13 AM / 9 months ago

India's end-September external debt rises to $484 billion - govt

Rupee notes are seen in this picture illustration taken in Mumbai June 12, 2013. REUTERS/Vivek Prakash/Files

NEW DELHI (Reuters) - India’s end-September external debt rose to $484.3 billion, up $4.8 billion from end-June, largely driven by an increase in long-term borrowings, the Finance Ministry said on Friday.

On a residual maturity basis, short-term debt constituted 42 percent of total external debt at end-September, compared with 42.4 percent at end-June.

Reporting by Manoj Kumar; Editing by Nick Macfie

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