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India’s holding of US securities cross $100-bn mark

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  • India purchased nearly $ 10 billion worth bonds in just one month. This made India’s exposure to US government securities reach $ 101.7 billion.
  • The holdings crossed the $ 100 billion-mark in February, the highest level in more than a year.
  • From the time Prime Minister Narendra Modi-led government came to the power in May last year, the country’s exposure to such securities have been on the rise.
  • Among the BRIC nations, India is the third-largest holder of these securities after China and Brazil ($ 259.9 billion).

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