<p>The short-term debt increased by $5.4 billion to $57.8 billion, accounting for 21.2 percent of the total debt, while the long-term debt rose to $215.2 billion at the quarter ended June 30, the Reserve Bank of India (RBI) said in its monthly bulletin. <br /><br />Almost all the components of external debt registered increase during the first three months of fiscal 2010-11. Commercial borrowings and loans under external assistance (multilateral and bilateral debt) increased by $2.5 billionand $2.3 billion respectively. <br /><br />The share of commercial borrowings continue to be the highest at 27.3 percent in the total external debt followed by short-term debt (21.2 percent), NRI deposits (17.6 percent) and multilateral debt (16.4 percent). <br /><br />The valuation effect reflecting the appreciation of the US dollar against other major international currencies and the Indian rupee resulted in a decline of $1.3 billion in India’s external debt during the reporting quarter. <br /><br />“Excluding the valuation effects due to appreciation of US dollar against other major international currencies and the Indian rupee, the increase in external debt worked out to $12.1 billion over the quarter,” the RBI said.</p>
<p>The short-term debt increased by $5.4 billion to $57.8 billion, accounting for 21.2 percent of the total debt, while the long-term debt rose to $215.2 billion at the quarter ended June 30, the Reserve Bank of India (RBI) said in its monthly bulletin. <br /><br />Almost all the components of external debt registered increase during the first three months of fiscal 2010-11. Commercial borrowings and loans under external assistance (multilateral and bilateral debt) increased by $2.5 billionand $2.3 billion respectively. <br /><br />The share of commercial borrowings continue to be the highest at 27.3 percent in the total external debt followed by short-term debt (21.2 percent), NRI deposits (17.6 percent) and multilateral debt (16.4 percent). <br /><br />The valuation effect reflecting the appreciation of the US dollar against other major international currencies and the Indian rupee resulted in a decline of $1.3 billion in India’s external debt during the reporting quarter. <br /><br />“Excluding the valuation effects due to appreciation of US dollar against other major international currencies and the Indian rupee, the increase in external debt worked out to $12.1 billion over the quarter,” the RBI said.</p>