Till May this year, India has invested in US debt securities worth USD 38.8 billion, which signify four-fold rise when compared to the same month in 2008.
India has been gradually increasing its exposure to American debt since May last year, when the holdings were worth just USD 10.3 billion. However, US continued to reel under one of the worst recession in 80 years.
According to data available with the US Treasury Department, India bought American debt worth USD 38.8 billion till May 2009. India has purchased more American debt since October 2008, when the financial turmoil turned for the worse with the failure of then Wall Street major Lehman Brothers.
India''s exposure has spurted over two-fold till May this year, as compared to just USD 18.3 billion in October last year. India''s holding stood at USD 38.5 billion till April this year.
India has been gradually increasing its exposure to American debt since May last year, when the holdings were worth just USD 10.3 billion. However, US continued to reel under one of the worst recession in 80 years.
According to data available with the US Treasury Department, India bought American debt worth USD 38.8 billion till May 2009. India has purchased more American debt since October 2008, when the financial turmoil turned for the worse with the failure of then Wall Street major Lehman Brothers.
India''s exposure has spurted over two-fold till May this year, as compared to just USD 18.3 billion in October last year. India''s holding stood at USD 38.5 billion till April this year.
No comments:
Post a Comment