October 22, 2018

India sells over $15 billion US govt bonds amid rising rates and to meet local dollar demand

MUMBAI: The Reserve Bank of India is trimming its holding of US Treasuries as it joins many other emerging economies which have been selling off US bonds amid rising rates. Yet it figures in the list of top fifteen foreign lenders to the US government.

RBI sold $ 16.3 billion worth US treasury (USTs) bonds since April with its stock slipping from $157 as of end March to $ 140 billion as of end August, according to the latest data released by the US Treasury department. Read more.

Economic Times

Related,
India offloading US Treasuries to support national currency & buy gold - RT

Dollar monopoly slips as China & Japan dump US Treasuries - RT
China, Japan cut U.S. Treasuries holdings in June -data - Reuters

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