India’s exposure to US govt securities dips to $77.5 bn in October

India has trimmed its holdings of US government securities to $77.5 billion at the end of October even as the world’s largest economy is expanding at a moderate pace. Apart from India, other BRICS nations— Brazil, Russia, China and South Africa — cut down their holdings of American government securities.

Latest data from the US Treasury Department shows that India held securities worth $80 billion in September and further reduced its exposure to $77.5 billion in October — which is also a three-month low.

In August, the holdings were to the tune of $ 80.4 billion while it stood at $79.7 billion in July.