Continuing to increase its exposure to US government securities, India’s holdings rose to $107.7 billion at the end of March this year.
The holding level is at a new one-year high after it had crossed the $100 billion mark in February.
Latest data from the US Treasury Department shows that India purchased additional securities worth $6 billion in March, taking its total exposure to $107.7 billion.
India’s exposure of American government securities has been on an upward trajectory since the Modi government came to power in May last year.
In May 2014, the holding stood at $70.1 billion.
At the end of March this year, China was the biggest holder with securities worth $1.261 trillion, followed by Japan that had an exposure of $1.227 trillion.
Among the BRIC (Brazil, Russia, India, China) grouping, India is the third largest holder of US government securities.
Russia’s exposure stood at $69.9 billion.
