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NEW DELHI, Jan 1 Asia Pulse - Higher External Commercial Borrowings, NRI (non-resident Indian) deposits and short-term debt pushed up India's external debt by 3.3 per cent to .5 billion in September 2006, compared to the previous quarter.
External debt rose by $US4.3 billion from $US132.2 billion at the end of June 2006, a Indian Finance Ministry statement said.
Long-term debt grew by $US2.8 billion to $US125.9 billion, while short-term debt rose 16.2 per cent over the quarter to .57 billion at the end of September 2006, on account of a higher import bill.
In terms of their share in total debt stock, non-resident deposits accounted for 26.8 per cent of the debt.
This was followed by multilateral debt at 24.6 per cent and commercial ...