- India bought a record amount of US Treasuries in July, with net purchases rising to $15.2 billion from $3.39 billion in June.
- The buying was helped by large inflows under the central bank's special facilities to draw overseas capital.
- The purchases lifted India's Treasury holdings to the highest in 10 months, per US Treasury Department data.
Quotes
“India bought a record amount of Treasuries in July, helped by large inflows under the central bank’s special facilities to draw overseas capital.”
“The nation’s net purchase of US notes jumped to $15.2 billion, from $3.39 billion in June, taking its holding to the highest in 10 months, according to latest data from the US Department of the Treasury.”