India's holding of US govt securities up US$ 6 billion to US$162.7 billion in June 2019
- IBEF
- August 19, 2019
India's exposure to the US government securities rose by nearly US$ 6 billion to US$ 162.7 billion at the end of June, the highest level in at least one year.
Latest data from the US Treasury Department showed that Japan was the largest holder, with holdings of American government securities worth US$ 1.122 trillion, followed by Mainland China whose exposure stood at US$ 1.112 trillion. These are figures at the end of June 2019.
Among the major foreign holders of the Treasury securities, India was at the 13th position with holding to the tune of US$ 162.7 billion. The exposure stood at US$ 156.9 billion in May and US$ 155.3 billion in April, according to the data.
India's holding in June was also the highest in at least one year, as per an analysis of the data from June 2018 when it stood at US$147.3 billion.
The substantial rise in exposure also comes at a time when the global economy is grappling with multiple headwinds, including trade war and prospects of slowdown in some emerging markets.
The data showed that the UK was at the third position with holding worth US$ 341.1 billion, followed by Brazil (US$ 311.7 billion), Ireland (US$ 262.1 billion), Switzerland (US$ 232.9 billion), Luxembourg (US$ 231 billion), Cayman Islands (US$ 226.6 billion), Hong Kong (US$ 215.6 billion), Belgium (US$ 203.6 billion), Saudi Arabia (US$ 179.6 billion) and Taiwan (US$ 175.1 billion).
"Foreign residents increased their holdings of long-term US securities in June; net purchases were US$63.8 billion. Net purchases by private foreign investors were US$63.2 billion, while net purchases by foreign official institutions were US$ 0.5 billion.
Taking into account transactions in both foreign and U.S. securities, net foreign purchases of long-term securities were US$ 99.1 billion," the Treasury Department said in a release on August 16.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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