India became 12th largest holder of US govt securities at April

India became the 12th largest holder of the United States government securities at the end of April. As per the official data, India held securities worth 157.4 billion dollars.
The US Treasury Department data stated showed that after March India marginally hiked the holding by 0.9 billion dollars to 157.4 billion dollars the next month.
India's holding touched a record high of 177.5 billion dollars in February, the same was drastically reduced in March. It stood at 164.3 billion dollars in January.
As per the report, at the end of April, Japan remained the country with the maximum exposure at 1.27 trillion dollars. It is followed by China at 1.1 trillion dollars and the UK at 368.5 billion dollars.
In India, the American government securities are held by the Reserve Bank of India (RBI) as the Central Banks invests in foreign assets as part of its prudential liquidity management.