Continuing to purchase more US government securities, India’s overall holding of such instruments climbed to $119.8 billion in January. Notwithstanding mixed growth trends in the world’s largest economy, India has been gradually hiking exposure to these securities in recent months.
In January alone, India bought American government securities to the tune of $3 billion taking the overall holding to $119.8 billion, as per the latest data from the US Treasury Department. The total exposure stood at $116.8 billion at the end of December 2015. Last year, India’s exposure rose by nearly $34 billion. In the first six months of 2015, India gradually raised exposure to $117 billion, before slightly trimming the holding to $116.4 billion in July. Then, it inched up to $116.8 billion at December end.