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    <title>Highlights of the Quarterly Report on India’s External Debt for the Quarter ended December 2017</title>
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    <description>At end-December 2017 India&#039;s External Debt Stock increased from end-March 2017, led by commercial borrowings, NRI deposits and short-term debt, with valuation effects from currency movements noted. Long term borrowings remained dominant while short term and residual maturity short term exposures rose; currency composition was concentrated in US dollar and Indian rupee. Reported indicators include foreign exchange cover to external debt, short term debt to reserves (original and residual maturity) and the share of concessional debt.</description>
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