External Debt

India’s external debt ratio falls to 13-year low of 18.7% in FY24

General government debt rose 11.5 percent as of March 2024 compared with the previous year, households and nonprofit institutions serving households declined 16.5 percent.

CAD sharply lower, but external debt up 15%: StanChart

According to Samiran Chakraborty of Standard Chartered Bank, the debt situation warrants some caution. At 390 billion debt, India‘s forex reserves cover (at 290 billion) is worryingly inadequate.

Weak rupee could boost export competitiveness

The rupee witnessed sharp moves over the past year and ended the year with 10 percent depreciation. USD/INR [dollar-to-rupee] had depreciated massively in the first six months to trade at a historic high of 57.32 on June 22, 2012. The continued depreciation of USD/INR was in line with its emerging market peers.

Rupee to hover around 52-54 per dollar mark: Macquarie Bank

After S&P's negative rating outlook yesterday, Nizam Idris of Macquarie Bank believes that its implications can be far reaching if other rating agencies also follow suit. Mulling about a possibility of a downgrade in the absence of reforms, Idris expects the rupee to hover around the Rs 52 to Rs 54 per dollar rate.

China to permit foreign banks to borrow USD 24bn this year

China's National Development and Reform Commission (NDRC), the country's top economic planner, said foreign-funded banks are allowed to borrow as much as USD 24 billion of medium and long-term external debt this year.

Re fall to hurt P&L by Rs 30cr per annum: India Cements

Speaking to CNBC-TV18, VM Mohan of India Cements says that the depreciation of Rs 5 in the rupee has hurt their P&L by Rs 30 crore per annum.

China's external debt at USD 585.97 bn

China has an outstanding total external debt of USD 585.97 billion by the end of March this year, the country's foreign exchange regulator said today.