Amid uncertain global economic cues, India has increased its exposure and latest data says India’s holding of American government Securities in April jumped to over $121 billion.
According to the latest data from the US Treasury Department, 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.
There has been a mixed trend in terms of countries’ exposure to these securities, with neighbouring China slightly trimming its holding while Japan, increased its exposure in April.
China owned US government securities worth 1.24 trillion dollars in April while that of Japan touched USD 1,142.8 billion dollars.
When it comes to the BRIC countries, Russia and China have cut their exposure while Brazil has purchased more securities.
During the same period, Brazil’s exposure went up to 249.1 billion whereas Russia trimmed its holding to 82.5 billion dollars.
