India’s holding of American securities hits excessive of $241.9 bn in June | Information on Markets

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India’s holding of American securities hits excessive of 1.9 bn in June | Information on Markets

India was on the twelfth place proudly owning American authorities securities | Representational

2 min learn Final Up to date : Aug 18 2024 | 11:51 AM IST


India’s holding of US authorities securities touched a excessive of $241.9 billion in June because the nation continued to extend its publicity for the third straight month.


Japan was the highest holder with securities value over $1.11 trillion adopted by China on the second spot with a holding valued at $780.2 billion in June, based on the most recent knowledge launched by the US Treasury Division.


On the third place was the UK with an publicity of $741.5 billion forward of Luxembourg on the fourth place with a holding to the tune of $384.2 billion.


Among the many international locations and jurisdictions, India was on the twelfth place proudly owning American authorities securities value $241.9 billion in June, greater than $237.8 billion worth recorded in Could.


As per the info, India’s holding is the best within the final one yr and it was at $237.8 billion in Could 2024. In April this yr, it touched $233.5 billion declining from $240.6 billion in March.


In June final yr, the publicity was at $235.4 billion.


Different international locations/ jurisdictions among the many high 10 holders have been Canada on the fifth spot with a holding of $374.8 billion, adopted by Cayman Islands ($319.4 billion), Belgium ($318 billion), Eire ($308 billion), France ($307.2 billion) and Switzerland ($287.1 billion).


On the eleventh place was Taiwan with an publicity of $265.9 billion.


The worldwide financial system is witnessing unsure instances amid excessive inflation, geopolitical tensions and different challenges. There may be an uneven progress sample and within the June quarter, the true GDP in america expanded at an annual price of two.8 per cent, greater than 1.4 per cent seen within the first three months of 2024.


In its World Financial Outlook Replace issued in July, the Worldwide Financial Fund (IMF) stated the worldwide financial system is in a sticky spot and projected a progress of three.2 per cent for this yr.

First Revealed: Aug 18 2024 | 11:51 AM IST