{
  "id": 10956310,
  "title": "India’s external debt rises to $778.2 billion in June quarter: RBI",
  "url": "https://urgent.news/2026/09/30/indias-external-debt-rises-to-778-2-billion-in-june-quarter-rbi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T13:58:52.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/indias-external-debt-rises-to-778-2-billion-in-june-quarter-rbi/articleshow/134596196.cms"
  },
  "original_language": "en",
  "account": "India's external debt surged to $778.2 billion by the end of the June quarter 2026, as per Reserve Bank of India (RBI) data. This marks a $15.4 billion increase from the March quarter, bringing the total external debt to a record high. Despite the growth, the external debt-to-GDP ratio saw a slight improvement, falling from 20.9% in March to 20.8% in June. This improvement is attributed to gains from the US dollar's appreciation against major currencies like the Yen and Euro, amounting to $0.9 billion.\n\nLong-term obligations, which have maturities exceeding a year, rose to $624.7 billion in the June quarter, a $11.2 billion jump from March levels. Short-term debt, with maturities up to a year, increased slightly to 19.7% of the total external debt, from 19.6% in the previous quarter. The proportion of short-term debt relative to foreign exchange reserves also rose, from 21.6% in March to 23% in June.\n\nThe majority of India's external obligations are dollar-backed, with US dollar-denominated debt accounting for 54.8% of the total. The rupee, Yen, SDR2, and Euro make up the remaining portions at 29.8%, 6.9%, 4.1%, and 3.5%, respectively. Outstanding debt from both the government and non-government sectors increased by the end of June 2026 compared to March 2026. The breakdown of instruments shows that loans constitute the largest share at 34.3%, followed by currency and deposits at 22.2%, trade credit and advances at 19.1%, and debt securities at 16.5%. The debt service ratio, which includes principal repayments and interest obligations, remained constant at 5.6% of current receipts, unchanged from March 2026.",
  "summary": "India's total external debt rose by USD 15.4 billion to reach USD 778.2 billion by June 2026. The external debt-to-GDP ratio showed a slight improvement, decreasing to 20.8 percent. Long-term obligations grew to USD 624.7 billion, while short-term debt slightly increased to 19.7 percent of overall external debt.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}