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Public debt falls to Rs.55.73 lakh crore at fiscal-end
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SME Times News Bureau | 24 May, 2016
India's public debt declined marginally to Rs.55.73
lakh crore at the end of the last fiscal in March, registering a fall
over the previous quarter of 0.04 percent, an official statement said on
Monday.
Government debt (excluding liabilities under the Public
Account) was at Rs 55.75 lakh crore at the end of December 2015, said
the quarterly report on debt management released by the finance
ministry.
Government's domestic borrowing for 2015-16 have been revised downwards, it said.
"Government issued dated securities worth Rs.84,000 crore to complete its gross borrowings of Rs.5,85,000 crore for FY 16.
"Gross
and net market borrowing requirements of the government for FY16 were
revised lower to Rs.5,85,000 crore and Rs.4,40,608 crore, which were
lower by 1.18 percent and 2.75 percent, respectively, than Rs.5,92,000
crore and Rs.4,53,205 crore in FY15," it said.
"The cash position
of the government during Q4 of FY16 was comfortable and remained in
surplus mode during the quarter. The issuance amount under Treasury
bills was also broadly as per calendar," it added.
The
outstanding internal debt of the government at Rs.5,130,179 crore
constituted 37.8 percent of GDP at end-March 2016, as compared to 38.7
percent of GDP at end-December 2015.
Central government dated
securities continued to account for a dominant portion of total trading
volumes in the fourth quarter of 2015-16, it said.
Net inflows in
the form of foreign direct investment during the quarter in question
were robust and more than sufficient to fund the external financing
requirements, the report added.
During 2015-16, there has been an
accretion of $18.54 billion to the foreign exchange reserves which
touched $360.1762 billion at end-March 2016.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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