Despite uncertainties in the world's largest economy, India has hiked American government securities’ holdings to $63.9 billion for the second straight month in November last year. The same stood at $59.9 billion in October, 2013. Notably, this marks country’s highest ever exposure in US securities in last five month. The country has been gradually upping its holding in American treasury bills since September last year when it touched $ 56.8 billion.
However despite this, India has the second lowest exposure to these securities after South Africa among the BRICS grouping. South Africa holding in American securities in November stood at $11.7 billion against $ 10.6 billion in October 2013.
On the flip side, within the BRICS bloc China remains the largest holder of these securities with exposure worth $1.32 trillion in November, slightly higher than $1.30 trillion recorded in October, Japan, which held American government securities to the tune of $1.19 trillion in November, occupies the second spot.
However despite this, India has the second lowest exposure to these securities after South Africa among the BRICS grouping. South Africa holding in American securities in November stood at $11.7 billion against $ 10.6 billion in October 2013.
On the flip side, within the BRICS bloc China remains the largest holder of these securities with exposure worth $1.32 trillion in November, slightly higher than $1.30 trillion recorded in October, Japan, which held American government securities to the tune of $1.19 trillion in November, occupies the second spot.
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