India becomes 12th largest holder of US govt securities at April end

India has become the 12th largest holder of US government securities at the end of April, with holding worth 157.4 billion dollars. The data from the US Treasury Department showed that after significantly reducing the exposure in March to 156.5 billion dollars, India marginally hiked the holding by 0.9 billion dollars to 157.4 billion dollars the next month.   While the holding touched a record high of 177.5 billion dollars in February, the same was drastically reduced in March. The exposure sto...