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Economy

India's external debt rises to $529.7 billion

Updated : June 30, 2018 12:51 PM IST

The increase in the magnitude of external debt was partly due to valuation loss resulting from the depreciation of the US dollar.
Share of commercial borrowings continued to be the largest component of external debt.
Debt service payments declined to 7.5 percent of current receipts at end-March 2018 as compared with 8.3 percent at end-March 2017.
India's external debt rises to $529.7 billion
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