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India's holdings of American govt securities touch $135.7 billion

1 October, 2017 6:14 AM
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In recent months, India has increased its purchase of American government securities and the country is the third largest holder among the BRICS group after China and Brazil. According to the latest data from the US Treasury Department, India's holding of the securities touched $135.7 billion as on July end -- also the highest in a year.

WASHINGTON: India has sharply increased its exposure to US government securities with holdings worth $135.7 billion at the end of July, official data showed.

Neighbouring China continued to top the charts with holding to the tune of $1.166 trillion, followed by Japan with exposure worth $1.113 trillion.

In recent months, India has increased its purchase of American government securities and the country is the third largest holder among the BRICS group after China and Brazil ($271.9 billion).

According to the latest data from the US Treasury Department, India's holding of the securities touched $135.7 billion as on July end -- also the highest in a year.

There has been a significant jump in the exposure compared to June when it stood at $130.3 billion. Since February this year, India's holding of these securities has been on the rise.

"Foreign residents increased their holdings of US Treasury bills by $3.1 billion. Foreign resident holdings of all dollar-denominated short-term US securities and other custody liabilities increased by $7.4 billion," the release said.

Source: timesofindia.indiatimes.com

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