https://www.taxtmi.com/news?id=2633 India's external debt rose to US$ 326.6 billion at end-September 2011, driven mainly by increases in external commercial borrowings, export credits and short-term debt. Short-term debt accounted for 21.9% of total external debt while external commercial borrowings were the largest component, followed by NRI deposits and multilateral debt. The currency mix was dominated by the US dollar, and the rise in commercial borrowings heightens currency risk because rupee depreciation raises rupee-denominated debt service for corporate borrowers. Foreign exchange reserves provided substantial but slightly reduced coverage of total external debt, and the share of concessional debt declined. en-us Fri, 30 Dec 2011 16:23:34 +0530 Fri, 30 Dec 2011 16:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2633 India's external debt rose to US$ 326.6 billion at end-September 2011, driven mainly by increases in external commercial borrowings, export credits and short-term debt. Short-term debt accounted for 21.9% of total external debt while external commercial borrowings were the largest component, followed by NRI deposits and multilateral debt. The currency mix was dominated by the US dollar, and the rise in commercial borrowings heightens currency risk because rupee depreciation raises rupee-denominated debt service for corporate borrowers. Foreign exchange reserves provided substantial but slightly reduced coverage of total external debt, and the share of concessional debt declined. News - Fri, 30 Dec 2011 16:23:34 +0530 https://www.taxtmi.com/news?id=2633