Touching a new high, India’s holding of American government securities jumped to USD 121.6 billion in April amid uncertain global economic cues.

This also marks a steep rise from the level seen in April 2015 when the country held American government securities to the tune of USD 110.3 billion.

There has been a mixed trend in terms of countries’ exposure to these securities, with neighbouring China slightly trimming its holding while Japan, like India, increasing its exposure in April.

Among the BRIC grouping, Russia and China have cut their exposure while Brazil has purchased more such securities.

Latest data from the US Treasury Department shows that India’s holding reached USD 121.6 billion, which is also the highest in recent times, in April.

The holdings were worth USD 118.9 billion in March this year, marginally higher than USD 118.8 billion seen in February. Back in January, India’s holding had touched USD 119.8 billion.

China owned US government securities worth USD 1.24 trillion in April while that of Japan touched USD 1,142.8 billion. During the same period, Brazil’s exposure went up to USD 249.1 billion whereas Russia trimmed its holding to USD 82.5 billion.

Global economy has been witnessing uneven growth trends amid concerns over the imminent rate hike by the US Federal Reserve and economic woes in Europe.

The US, the world’s largest economy, saw its GDP grow 0.8 per cent in the first three months of 2016 way lower than 1.4 per cent seen in the 2015 December quarter.

“Real gross domestic product — the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes — increased at an annual rate of 0.8 per cent in the first quarter of 2016,” the US Bureau of Economic Analysis said last month.

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