Topics Topics Help/Instructions Help Edit Profile Profile Member List Register Paatha Gnyapakaalu - Archives from Old DB  
Search New Posts 1 | 2 | 8 Hours Search New Posts 1 | 3 | 7 Days Search Search Tree View Tree View Latest tweets Live Tweets
Bewarse Talk Discussion Board * Finance & Investment - Stocks, Real Estate, et. al * India's external debt at $229.9 billion < Previous Next >

Author Message
Top of pagePrevious messageNext messageBottom of page Link to this message

Mudiripoyina Bewarse
Username: Blazewada

Post Number: 4438
Registered: 08-2008
Posted From:

Rating: N/A
Votes: 0 (Vote!)

Posted on Tuesday, July 28, 2009 - 2:42 am:   Insert Quote Edit Post Delete Post View Post/Check IP

India's external debt at $229.9 billion

India's external debt went up by $5.3 billion or 2.4 per cent to $229.9 billion as of March 2009, the Reserve Bank said in the first quarter review.

The debt denominated in US dollar accounted for 57 per cent of total external debt.

The country's foreign exchange reserves provided a cover of 109.6 per cent to the external debt. However, the foreign exchange cover was higher at 137.9 per cent as of March 2008.

The decline in forex cover to external debt was due to decline in forex reserves.

The bank has factored in debts from different sources like IMF, External Commercial Borrowing, NRI deposits, Trade credit, Bilateral and Multilateral credit.

The Reserve Bank said the debt service ratio was comfortable at 4.6 per cent as of March 09. The total short-term debt obligations accounted for 40.6 per cent of the total external debt.

The total debt to GDP ratio stood at 22 per cent as of March 09 against 19 per cent the year before.

ee appu eppatiki terenoo.. inko 5 years ki enta oeruguddoo..
Born to Forced To

Add Your Message Here
Bold text Italics Underline Create a hyperlink Insert a clipart image

Username: Posting Information:
This is a private posting area. Only registered users and moderators may post messages here.
Options: Automatically activate URLs in message

Topics | Last Hour | Last Day | Last Week | Tree View | Search | Help/Instructions | Program Credits Administration