The valuation loss in September-December, due to depreciation of the U.S. dollar against other major currencies such as yen, euro and UK pound was $3.8 billion, the statement said.
The share of short-term debt, with maturity of up to one year, in total external debt increased marginally to 21.1% as of end-December 2022, from 21% as of September 2022.
Earlier this month, Reserve Bank of India Governor Shaktikanta Das said India’s total external debt is well within manageable limits.
