Washington: India increased its holding of American government securities to $124.1 billion at the end of April. This is also the highest level since July 2016 when the exposure stood at $123.7 billion. The latest data available with the US Treasury Department show that India’s exposure jumped by $7 billion to $124.1 billion in April. Brazil’s exposure stood at $267.7 billion in April. India has hiked its exposure to the securities amid the US economy seeing relatively better economic growth trends.

Source: Mint June 25, 2017 10:07 UTC