Blogging fresh one-year high, India’s exposure to US Government securities reached $101.7 billion as the country purchased nearly $10 billion worth bonds in just one month.
The holdings crossed the $100 billion-mark in February, the highest level in more than a year, as per the latest data available with the Treasury Department.
In January also, India’s holding had hit a one-year high of USD 91.2 billion. Since 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.