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External debt drops article is on page 12 of BSC

Bscmagazine online purchase today India's external debt declined 2.8 per cent to $514.4 bn at Jun-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits. Bsc magazine online purchase today At end-Jun 2018, the external debt was placed at $514.4 bn, recording a decrease of $14.9 bn over its level at end-Mar 2018. As per the RBI, the decrease in the magnitude of external debt was primarily due to valuation gains resulting from the appreciation of the US dollar Bsc magazineonline purchase today  against the Indian rupee and ,major currencies 1 he external debt-to-GDP ratio stood at 20.4 per cent at end-Jun 2018. a shade lower than its level of 20.5 per cent at end-Mar 2018.