India ups US debt exposure
18 Jun 2012 1:06 AM GMT
India has been increasing its exposure to American debt since the start of this year and owned US government securities worth $51.2 billion till April, amid persisting global economic uncertainties.
This is also the first time, at least since April 2011, that the value of India's holding of American debt crossed the $50 billion mark.
With European debt turmoil threatening to roil the fragile global economic recovery and many emerging nations grappling with slowdown, investing in US government securities has become a more safer bet.
Latest data from the US Treasury Department show that India's holding of American government securities increased nearly $9 billion in the first four months of 2012.
India held securities worth $51.2 billion compared to $42.8 billion in January. India's holding of American securities climbed to $44.1 billion in February and the same rose to $46.7 billion in March. In just one month – between March and April – the holding went up by about $5 billion.
The significant rise in the securities' holding comes against the backdrop of question marks over the future of euro – the currency shared by 17 European nations.
This is also the first time, at least since April 2011, that the value of India's holding of American debt crossed the $50 billion mark.
With European debt turmoil threatening to roil the fragile global economic recovery and many emerging nations grappling with slowdown, investing in US government securities has become a more safer bet.
Latest data from the US Treasury Department show that India's holding of American government securities increased nearly $9 billion in the first four months of 2012.
India held securities worth $51.2 billion compared to $42.8 billion in January. India's holding of American securities climbed to $44.1 billion in February and the same rose to $46.7 billion in March. In just one month – between March and April – the holding went up by about $5 billion.
The significant rise in the securities' holding comes against the backdrop of question marks over the future of euro – the currency shared by 17 European nations.
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