India's exposure to US govt securities at $130.3 bn in June

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 $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 $269.7 billion at June end. During the same period, Russia trimmed its holdings to $102.9 billion.

Latest data available with the Treasury Department shows that India increased its holdings of the securities to $130.3 billion at the end of June from $127.3 billion at May end.

India's exposure also touched a one-year high as compared to $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 $112.3 billion.

As on June end, Japan had the second largest exposure to the securities with holdings to the tune of $1.091 trillion, followed by Ireland ($302.5 billion) and Brazil.

Others in the top 10 holders list are Cayman Islands ($254 billion), Switzerland ($244.5 billion), the United Kingdom ($237.3 billion), Luxembourg ($211.7 billion), Hong Kong ($202.6 billion), Taiwan ($184.4 billion) and Saudi Arabia ($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 $7.7 billion.

"Of this, net foreign private outflows were $9.6 billion, and net foreign official inflows were $17.3 billion," the Treasury Department said in a recent release.