Currency composition of India’s total external debt - Budget & Economic Survey

Q.  The currency composition of India’s total external debt is as follows. Arrange them in decreasing order of their percentage in the total external debt.

1) US Dollar
2) Euro
3) Japanese Yen
4) Indian Rupee
5) Special Drawing Rights (SDR)

- Published on 06 Aug 15

a. 1 > 2 > 3 > 4 > 5
b. 1 > 4 > 5 > 3 > 2
c. 1 > 2 > 3 > 4 > 5
d. 1 > 3 > 2 > 5 > 4

ANSWER: 1 > 4 > 5 > 3 > 2
 
The currency composition of India’s total external debt shows that the share of US dollar-denominated debt in external debt stock continued to be the highest at 60.1 per cent at end-September 2014, followed by Indian rupee (24.2 per cent), special drawing rights (SDR) (6.5 per cent), Japanese yen (4.5 per cent), and euro (3.0 per cent) denominated. The currency composition of government (sovereign) debt indicates predominance of SDR-denominated debt.

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