- 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).