India's external debt profile deteriorates: RBI report

India's external debt profile has deteriorated over a period of time with significant rise in volatile capital or hot money and decline in import cover, said a Reserve Bank report. "The ratio of volatile capital flows (defined to include cumulative portfolio inflows and short-term debt) to the reserves increased from 83.9 per cent as at end-September 2012 to 96.1 per cent as at end-March 2013", said the RBI's half yearly report ...