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India increases exposure to US govt securities by nearly $13 bn in May

After marginally rising to $157.4 billion in April, the holdings jumped to $169.9 billion in May

FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks
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India's foreign exchange reserves rose by $1.275 billion to a life-time high of $517.637 billion in the week to July 17

Press Trust of India New Delhi
India's holdings of American government securities increased by nearly $13 billion to $169.9 billion at the end of May, according to latest official data.

So far this year, the country's exposure has seen significant fluctuations and had touched a record high of $177.5 billion in February.

After marginally rising to $157.4 billion in April, the holdings jumped to $169.9 billion in May, an increase of around $13 billion in a month's time.


In March, the exposure had come down steeply to $156.5 billion