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WEAK DOLLAR CONTRIBUTES TO RISE IN INDIA'S EXTERNAL DEBT.
NEW DELHI, Jan 1 Asia Pulse - India's external debt rose by 5.5 per cent during the July-September quarter to US$190.5 billion as the US currency weakened, domestic firms increased overseas borrowings and non-resident Indians (NRIs) sent back more money.
The country's external debt until the end of first quarter of this fiscal was US$180.6 billion, which grew to US$190.5 billion as on September 30, an official release said.
Of the US$9.9 billion rise in external debt during the second quarter, around US$5 billion was due to the weakening US dollar against major ...
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Source: HighBeam Research, WEAK DOLLAR CONTRIBUTES TO RISE IN INDIA'S EXTERNAL DEBT.