India increased its exposure to American government securities to USD 59.9 billion in October, the highest in four months, notwithstanding uncertainties in the world's largest economy.
By hiking its holdings by as much as USD 3.1 billion in October, India has reversed the recent trend of trimming the exposure to US treasury bills.
In October, the country's exposure stood at USD 59.9 billion, one of the lowest among BRICS nations, compared to USD 56.8 billion-worth holdings in September, according to latest data from the US Treasury Department.
In the same month, the United States had witnessed a standoff between Democratic and Republican lawmakers over budget that even paralysed functioning of the American government.
India's exposure to these securities in August stood at USD 57 billion, lower than USD 58.9 billion in the previous month. The same touched USD 61.2 billion in June this year.
China remains the largest holder of American debt, with holdings worth over USD 1.30 trillion in October, followed by Japan with securities to the tune of USD 1.17 trillion.
Among the BRICS, Brazil had the second highest exposure at USD 246.7 billion while that of Russia stood at USD 149.9 billion in October.
BRICS is a grouping of five nations -- Brazil, Russia, India, China and South Africa.
South Africa's holding of American government securities touched USD 10.6 billion in October.
The American economy is on the recovery path and its GDP grew 3.6 per cent in the third quarter of 2013.
