Home / Economy / News / India increases exposure to US govt securities by nearly $13 bn in May

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

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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

2 min read Last Updated : Jul 26 2020 | 5:04 PM IST

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.

ALSO READ: World Coronavirus Dispatch: Company insiders make $1 bn in rush for vaccine

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

Topics : American government securities

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