Touching a new high, India's holding of American government securities jumped to over 121 billion US Dollars in April amid uncertain global economic cues. Latest data from the US Treasury Department shows that India's holding has reached 121.6 billion dollars. This also marks a steep rise from the level seen in April 2015 when the country held American government securities to the tune of 110.3 billion dollars.<br/><br/>There has been a mixed trend in terms of countries' exposure to these securities, with neighbouring China slightly trimming its holding while Japan, like India, increasing its exposure in April. Among the BRIC grouping, Russia and China have cut their exposure while Brazil has purchased more such securities. China owned US government securities worth 1.24 trillion dollars in April while that of Japan touched USD 1,142.8 billion dollars. During the same period, Brazil's exposure went up to 249.1 billion dollars whereas Russia trimmed its holding to 82.5 billion dollars. Global economy has been witnessing uneven growth trends amid concerns over the imminent rate hike by the US Federal Reserve and economic woes in Europe.
News On AIR | June 26, 2016 9:01 PM
India's holding of US securities jumps to new high of over $121 bn in April