India's external debt stood at USD 747.2 billion at the end of June 2025, marking an increase of USD 11.2 billion over the level recorded at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Tuesday.
The data shows that the external debt to GDP ratio moderated slightly to 18.9 per cent at end-June 2025 from 19.1 per cent at end-March 2025.
The rise in external debt includes a valuation loss of USD 5.1 billion due to the depreciation of the US dollar against the Indian rupee and other major currencies such as the yen, euro, and Special Drawing Rights (SDR). Excluding this valuation effect, the increase in external debt would have been USD 6.2 billion.
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The data further shows that the long-term debt rose to USD 611.7 bi