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India has been slowly raising its holding of US Treasury bills — since September when the same was worth $56.8 billion.
China, the largest holder of such securities, cut its exposure to $1.27 trillion from $1.32 trillion in November 2013. Brazil also slashed its holding to $245.4 billion in December from $246.9 billion recorded in preceding month. Besides, Russia cut its exposure to $138.6 billion while South Africa’s holding was marginally down to $11.3 billion.
In November last, BRICS held US securities to the tune of $139.9 billion and $11.7 billion, respectively.
Both Democrats and Republicans have raised concerns in the past about the risks of China and other countries holding a large proportion of US Treasury debt.
Latest data from the US Treasury Department show that India’s holding rose to $68.5 billion in December last year from $63.9 billion in November.
The holding stood at $59.9 billion in October 2013.
Japan continues to be the second largest holder of American treasury bills with holdings worth $1.182 trillion in December last. It also slightly trimmed exposure from $1.186 trillion seen in November 2013.