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#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details hereIndia's holdings of American government securities touched a one-year high of USD 130.3 billion at the end of June, according to official data.
The country is the 11th largest holder of these securities.
In the past few months, India has been hiking its exposure to these securities that are issued by the US Treasury Department, while neighbouring China had the maximum holdings worth USD 1.147 trillion at the end of June.
Among the BRIC nations, India has the third largest exposure after China and Brazil, whose holdings stood at USD 269.7 billion at June end. During the same period, Russia trimmed its holdings to USD 102.9 billion.
Latest data available with the Treasury Department shows that India increased its holdings of the securities to USD 130.3 billion at the end of June from USD 127.3 billion at May end.
India's exposure also touched a one-year high as compared to USD 117.2 billion at the end of June 2016.
As per the official data, India has been continuously buying more of the US government securities since February this year, when its holding stood at USD 112.3 billion.
As on June end, Japan had the second largest exposure to the securities with holdings to the tune of USD 1.091 trillion, followed by Ireland (USD 302.5 billion) and Brazil.
Others in the top 10 holders list are Cayman Islands (USD 254 billion), Switzerland (USD 244.5 billion), the United Kingdom (USD 237.3 billion), Luxembourg (USD 211.7 billion), Hong Kong (USD 202.6 billion), Taiwan (USD 184.4 billion) and Saudi Arabia (USD 142.8 billion).
"The sum total in June of all net foreign acquisitions of long-term securities, short-term US securities, and banking flows was a monthly net TIC (Treasury International Capital) inflow of USD 7.7 billion.
"Of this, net foreign private outflows were USD 9.6 billion, and net foreign official inflows were USD 17.3 billion," the Treasury Department said in a recent release.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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