Mumbai, June 30 -- The Reserve Bank of India or RBI stated in a latest update that at end-March 2025, India's external debt was placed at US$ 736.3 billion, an increase of US$ 67.5 billion over its level at end-March 2024. The external debt to GDP ratio increased to 19.1 per cent at end-March 2025 from 18.5 per cent at end-March 2024. Valuation effect due to the appreciation of the US dollar vis-a-vis the Indian rupee and other currencies amounted to US$ 5.3 billion. Excluding the valuation effect, external debt would have increased by US$ 72.9 billion instead of US$ 67.5 billion at end-March 2025 over end-March 2024.

At end-March 2025, long-term debt (with original maturity of above one year) was placed at US$ 601.9 billion, recording a...