India’s US govt debt holding dips for 2nd month
19 Dec 2012 5:44 AM IST
India's holding of US government debt securities has declined for the second consecutive month even as many other countries like China, Japan, Brazil and Russia hiked their exposure to American treasury bonds.
As per the latest data released by the US Treasury Department, India’s holding of treasury securities stood at $58.9 billion (Rs 3,20,000 crore) at the end of October, marking the second straight month of decline after an uptrend for seven continuous months.
At the end of the month, India was the 18th largest holder of US treasury bonds while China was the largest foreign owner of these securities followed by Japan, Brazil, Taiwan, Switzerland, Russia, Luxembourg, Hong Kong, Belgium and the UK in the top 10. India's holding of treasury securities stood at $60.6 billion at the end of August and fell to $59.7 billion in September. The Indian holding of the treasury securities mostly comprises of bonds held through the RBI.
China held $1.16 trillion treasury securities at the end of October while Japan’s share was $1.13 trillion. Overall, the foreign entities increased their holdings of long-term US securities in October with a net purchase of $28.4 billion.
As per the latest data released by the US Treasury Department, India’s holding of treasury securities stood at $58.9 billion (Rs 3,20,000 crore) at the end of October, marking the second straight month of decline after an uptrend for seven continuous months.
At the end of the month, India was the 18th largest holder of US treasury bonds while China was the largest foreign owner of these securities followed by Japan, Brazil, Taiwan, Switzerland, Russia, Luxembourg, Hong Kong, Belgium and the UK in the top 10. India's holding of treasury securities stood at $60.6 billion at the end of August and fell to $59.7 billion in September. The Indian holding of the treasury securities mostly comprises of bonds held through the RBI.
China held $1.16 trillion treasury securities at the end of October while Japan’s share was $1.13 trillion. Overall, the foreign entities increased their holdings of long-term US securities in October with a net purchase of $28.4 billion.
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