has sharply increased its exposure to US government securities
with holdings worth $135.7 billion at the end of July, official data showed.
continued to top the charts withholding to the tune of $1.166 trillion, followed by Japan
with exposure worth $1.113 trillion.
In recent months, India
has increased its purchase of American government securities and the country is the third largest holder among the BRICS group after China
At the end of July, Russia
held securities worth $103.1 billion.
According to the latest data from the US Treasury Department, India's holding of the securities touched $135.7 billion as on July-end -- also the highest in a year.
There has been a significant jump in the exposure compared to June when it stood at $130.3 billion. Since February this year, India's holding of these securities has been on the rise.
At the end of January, the exposure was just $113.7 billion.
Other countries in the top ten are Ireland
($310.8 billion) at the third place, followed by Brazil, Cayman Islands ($259.2 billion), Switzerland ($244.8 billion), United Kingdom ($229.7 billion), Luxembourg ($213 billion), Hong Kong ($199.1 billion) and Taiwan ($182.5 billion).
In a recent release, the Treasury Department said foreign residents increased their holdings of long-term US securities long-termed net purchases stood at $5.1 billion.
"Foreign residents increased their holdings of US Treasury bills by $3.1 billion. Foreign resident holdings of all dollar-denominated short-term US securities and other custody liabilities increased by $7.4 billion," the release said.