India’s US treasury holdings dip for fourth month, reach $57.9 bn
18 Feb 2013 7:46 AM IST
Trimming its holdings of US government securities for the fourth straight month, India held American treasury bills worth $57.9 billion in December.
India, which is among the top 20 holders of American government securities, has been reducing its holdings since August 2012, even as neighbouring China is purchasing more of these bills.
Amid global uncertainties, the US economic output for the first time in more than three years shrank 0.1 per cent in the 2012 December quarter.
India's held American treasury bills to the tune of $57.9 billion in December last year, lower than $58.8 billion worth securities owned in November, according to latest data from the US Treasury Department.
In October, the same stood at $59.6 billion slightly lower than $ 597 billion recorded in September.
India's holdings of American government securities had touched $60.6 billion in August.
However, the holdings in December 2012 were much higher than in December 2011 when it stood at $43.5 billion.Going by the official data, India is the 18th largest holder of these securities while China topped the table at the end of December.
China's holdings touched $1.202 trillion, closely followed by Japan that reached $1.120 trillion during that month.
Among the BRIC (Brazil, Russia, India and China) nations, India has the lowest exposure to American securities.
At the end of December, Brazil owned US treasury bills worth $ 251.5 billion, while that of Russia touched $157.6 billion.
India, which is among the top 20 holders of American government securities, has been reducing its holdings since August 2012, even as neighbouring China is purchasing more of these bills.
Amid global uncertainties, the US economic output for the first time in more than three years shrank 0.1 per cent in the 2012 December quarter.
India's held American treasury bills to the tune of $57.9 billion in December last year, lower than $58.8 billion worth securities owned in November, according to latest data from the US Treasury Department.
In October, the same stood at $59.6 billion slightly lower than $ 597 billion recorded in September.
India's holdings of American government securities had touched $60.6 billion in August.
However, the holdings in December 2012 were much higher than in December 2011 when it stood at $43.5 billion.Going by the official data, India is the 18th largest holder of these securities while China topped the table at the end of December.
China's holdings touched $1.202 trillion, closely followed by Japan that reached $1.120 trillion during that month.
Among the BRIC (Brazil, Russia, India and China) nations, India has the lowest exposure to American securities.
At the end of December, Brazil owned US treasury bills worth $ 251.5 billion, while that of Russia touched $157.6 billion.
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