India’s holdings of American govt securities touch $135.7 billion, highest in a year

India’s holdings of American govt securities touch $135.7 billion, highest in a year

India has sharply increased its exposure to US government securities with holdings worth USD 135.7 billion at the end of July, official data showed. Neighbouring China continued to top the charts with holding to the tune of USD 1.166 trillion, followed by Japan with exposure worth USD 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 (USD 271.9 billion). At the end of July, Russia held securities worth USD…

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