External Debt Up $12.6 Billion at $346.6 Billion in Q1: RBI

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India’s international investment position (IIP) has deteriorated during the June quarter as net claims of non-residents rose by $12.6 billion to $346.6 billion following a sharper rise in the value of foreign-owned assets in the country vis-a-vis a rise in the value of residents’ financial assets abroad.

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