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    <title>INDIA&#039;s EXTERNAL DEBT FOR THE QUARTER ENDED SEPTEMBER 2007</title>
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    <description>External debt at end-September 2007 was US$190.5 billion, rising 5.5% over the quarter and 12.3% since March 2007; the increase mainly reflected higher commercial borrowings, NRI deposits, multilateral debt and expanded short-term debt coverage (including suppliers&#039; credits up to six months and FII short-term instruments). Long-term debt comprised 83.8% of the total, sovereign-to-private ratio was roughly 26.9:73.1, reserve cover rose to 130% and the debt-service ratio declined.</description>
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    <pubDate>Tue, 01 Jan 2008 11:28:00 +0530</pubDate>
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