India reduces exposure to US government securities

Tags: News
India has reduced its exposure to the US government securities this year so far with the holding coming down to $ 67 billion in February.

In the first two months of this year, India has trimmed its holding by more than $ 1 billion reversing the trend witnessed during the last few months of 2013.

While India's holdings in February stood at $ 67 billion in February, the same was at $ 68.1 billion in the preceding month, according to latest data from the US Treasury Department.

India held US Treasury securities worth $ 68.5 billion in December last year.

Growth prospects are slowly improving for the US, the world's largest economy, even as many of the developing countries are facing economic headwinds.

In the fourth quarter of 2013, the American economy grew 2.6 per cent, as per official figures.

Meanwhile not only India, rest of the BRIC (Brazil, Russia, India, China and South Africa) nations too have trimmed their exposures in February compared to January.

Even though China cut its holding marginally, the country is still the largest holder of American government securities with holdings worth $ 1.27 trillion.

Among the BRICS members, Brazil has the second largest exposure at $ 243.9 billion, followed by Russia whose holdings stood at $ 126.2 billion in February.

South Africa held $ 11.4 billion worth such securities during the same period.

Japan with securities holdings of $ 1.21 trillion at the end of February is is the second largest holder of US Treasury securities.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Kejriwal will do well to ignore the bickering and get on with work

    Psychologists explain implosion as a form of behaviour involving intensive recollection and review of anxiety-producing situations or events in an att

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Today's Columns

Simon J Evenett

Are you keeping an eye on BRIC reforms?

When the history of state action during the crisis era ...

Kuruvilla Pandikattu SJ

How do we explain pain and passion?

The holy week that the christians celebrate this week recalls ...

Shona Adhikari

Anjolie Ela Menon, the storyteller, is back

Anjolie Ela Menon, one of India’s most celebrated artists, is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture