India lowers exposure to US govt bonds

India further trimmed its holdings of the US government securities to $115.6 billion in August amid continuing global economic uncertainties. After hiking the exposure to these securities for eight consecutive months till June, India has now reduced the exposure for two straight months in July and August. As per the latest data from the the US Treasury Department, India’s holdings came down to $115.6 billion in August from $116.4 billion recorded in July. 

China remained the largest holder of the US government securities and its holdings rose to $1.271 trillion while Japan was at the second spot with $1.197 trillion worth exposure.