Valuation gains helped rein in external debt in FY'23
At end-March 2023, India’s external debt amounted to $ 624.7 billion, up S$ 5.6 billion over its level at end-March 2022. “ Excluding the valuation effect, external debt would have increased by $ 26.2 billion instead of $ 5.6 billion at end-March 2023 over end-March 2022” , the Reserve bank said in its latest release.
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