India's valuation stands at 1.83 lakh crore to US debt
China holds the largest number of US debt securities worth $1.15 trillion while India figures at the 14th position at $41 billion.
FOLLOWING THE downfall of the United States’ credit positioning by Standard and Poors, US Treasury data has revealed that India’s holding is estimated at aroun$41 billion. The amount is way higher than what America owes to developed nations like France and Australia.
S&P 500’s report also showed that the United States owes close to $4.5 trillion to foreign governments who own the US government’s debt securities. However, China holds the largest number of US debt securities worth $1.15 trillion while India figures at the 14th position at $41 billion.
Although the Reserve Bank of India majority of the $41 billion valuation, Indian banks also stand a higher chance of exposure.
The US data treasury also shows that the Indian holdings have shot up by $10 billion in the last one year. However, sources at RBI were quoted saying by leading dailies that the supreme banking institution is likely to put a tab on the US government’s debt holdings as many institutions including the RBI have amassed huge quantities of securities ever since the debt boom took over the financial markets in the United States thus sparking fears of another US led inflation.
Ever since the unprecedented move by Standard and Poor’s raised eyebrows across the world, it is now expected that the RBI will also put across more stringent rules.
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