Washington: India trimmed its exposure to US government securities to USD 57 billion in August, the lowest in four months, amid persistent uncertainties in the world's largest economy.
The country has reduced its holding of American treasury bills by as much as USD 1.9 billion compared to July when it stood at USD 58.9 billion. India has been cutting down its exposure to American government securities since May when it was worth USD 59.9 billion, according to latest data from the Treasury Department.
In April, the holdings were worth about USD 55.8 billion. In May and June, the exposure stood at USD 59.9 billion and USD 61.2 billion, respectively.
Meanwhile, China remains the biggest holder of American securities with holdings worth USD 1.268 trillion in August, a tad lower than USD 1.279 trillion at the end of July. Japan has the second largest exposure at USD 1.149 trillion.
Among the BRICS nations -- Brazil, Russia, India, China and South Africa -- India has the second lowest holding of American government securities. In this grouping, Brazil's holding was at USD 252.9 billion followed by Russia at USD 136 billion in August.
Only South Africa's exposure -- at USD 13.2 billion in August -- was lower than that of India. The US economy had been grappling with concerns about shutdown and possible debt default in the wake of political impasse, which was resolved earlier this month.
PTI
More From GoodReturns

Indane, HP & Bharat Gas Cylinder Booking Rules: OTP Mandatory After LPG Refilling Gap Increased to 25-45 Days

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?

Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices



Click it and Unblock the Notifications