BANKING AFFAIRS

Detailed explanation-1: -US dollar-denominated debt remained the largest component of India’s external debt, with a share of 54.7 per cent at end-June 2022, followed by debt denominated in the Indian rupee (30.4 per cent), SDR (6.3 per cent), yen (5.1 per cent), and the euro (2.8 per cent).

Detailed explanation-2: -Enhancement of Borrowing Limit Through the 2022 ECB Circular, RBI has doubled the borrowing limit for ECBs availed under the automatic route to USD 1.5 billion or equivalent, from the previous limit of USD 750 million.