India’s exposure to US government securities rose sharply to a high of USD 144.7 billion at the end of 2017, according to latest official data.
The country remained the 12th largest overseas holder of such securities, just behind oil rich Saudi Arabia, whose holding stood at USD 147.4 billion in December 2017.
India has been raising its holding of American government securities during last year except for a few months when the total exposure had declined.
Figures compiled by the US Treasury Department show that the holding of India went up to USD 144.7 billion in December last, an increase of little over USD 26 billion compared to the year-ago period. In December 2016, the exposure was just USD 118.2 billion.