June 30, 2017 / 12:32 PM / 5 months ago

India's end-March external debt rises to $471.9 billion

NEW DELHI (Reuters) - India’s end-March external debt was at $471.9 billion, up $15.8 billion from end-December, the Reserve Bank of India said in a statement on Friday.

A cashier stacks Indian currency notes inside a bank in Chandigarh, November 19, 2016. REUTERS/Ajay Verma/Files

The country’s external debt in March 2017 was, however, lower compared with $485 billion a year ago, the statement showed.

On a residual maturity basis, short-term debt constituted41.5 percent of total external debt at end-March.

Reporting by Manok Kumar; Editing by Malini Menon

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