The external debt of India rose 1.2 per cent quarter-on-quarter to $613.1 billion as of end-December, the government stated on Friday.
According to the data, country’s external debt-to-GDP ratio stood at the same level as the September quarter at 19.1 per cent.
The valuation loss in September-December, due to depreciation of the U.S. dollar against other major currencies such as yen, euro and UK pound was $3.8 billion, reported Reuters, citing the government statement.
The share of short-term debt, with maturity of up to one year, in total external debt increased marginally to 21.1 per cent as of end-December 2022, from 21 per cent as of September 2022.
Earlier this month, Reserve Bank of India Governor Shaktikanta Das said India’s total external debt is well within manageable limits.