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    India's external debt rises by $6.8 billion in Q3 FY21

    BT NewsFlicks

    India's external debt rises by $6.8 billion in Q3 FY21

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    Multilateral debt amounted to $67.9 billion at the end of Dec 2020 registering a growth of 13% from Dec 2019.  

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    India's bilateral debt increased by 4% in Dec 2020 as compared to Sept 2020.  

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    Debt from IMF touched $5.7 billion in Dec 2020 from $5.5 billion in Dec 2019, growing at a rate of 4.2% YoY.

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    Trade credit decreased by 7% in Dec 2020 as compared to Sept 2020.

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    Commercial borrowings too increased by $1 billion to $207.7 billion.

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    Outstanding NRI deposits increased to $140.5 billion in December 2020 from $137.3 billion in September 2020.

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    Short-term trade credit remained nearly unchanged at $99.6 billion from its September 2020 level.
    Shivani Sharma, Pragati Srivastava