India’s exposure to US securities jumps over $20 bn in 3 months

Compared to June last year, when most of the economic activities were ravaged by the coronavirus pandemic, the exposure of India to the US Treasury securities jumped by nearly $40 billion.

Latest data from the US Treasury Department showed that India, with holding worth $220.2 billion at the end of June this year, is the 11th largest holder of these securities while Japan has the most exposure at little over $1.277 trillion. (File)

India’s holding of US government securities surged by more than $20 billion in just three months ended June to $220.2 billion amid rising foreign exchange reserves.

Compared to June last year, when most of the economic activities were ravaged by the coronavirus pandemic, the exposure of India to the US Treasury securities jumped by nearly $40 billion.

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economy

Chaitanyananda Saraswati, accused of sexually harassing 17 women, held in Agra

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A self-proclaimed 'godman' was arrested in Agra for sexual harassment and misappropriation of funds. He was accused of sending inappropriate messages and photoshopping pictures with politicians. The Delhi Police traced him to Agra and froze his accounts and fixed deposits. He was previously booked for harassing 19 women at a private institute.

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