At a time when the world's largest economy is battling the financial turmoil, India's exposure to US debts touched $38.5 billion in April.
However, neighbouring China which is the biggest holder of American treasury bonds, had bought debts worth $ 763.5 billion at the end of April.
The purchase of US debts by China fell for the first time in over 10 months in April. China 's US debt holding stood at $ 767.9 billion in March.
According to the data released by the US Federal Reserve, India's debt holding inched up to $ 38.5 billion in April against $ 38.2 billion at the end of March.
Among the BRIC nations, India has the least exposure to American debt.
The two other countries- Russia and Brazil- held US treasury bonds worth $ 137 billion and $ 126 billion, respectively, in April.
The US economy is reeling under recession in the wake of an unprecedented financial turmoil. The current crisis turned worse in September last year following the bankruptcy of Lehman Brothers. Since then, the Federal government has unveiled a slew of measures, including the mammoth $ 787 billion rescue programme, to tide over the financial crunch.
However, neighbouring China which is the biggest holder of American treasury bonds, had bought debts worth $ 763.5 billion at the end of April.
The purchase of US debts by China fell for the first time in over 10 months in April. China 's US debt holding stood at $ 767.9 billion in March.
According to the data released by the US Federal Reserve, India's debt holding inched up to $ 38.5 billion in April against $ 38.2 billion at the end of March.
Among the BRIC nations, India has the least exposure to American debt.
The two other countries- Russia and Brazil- held US treasury bonds worth $ 137 billion and $ 126 billion, respectively, in April.
The US economy is reeling under recession in the wake of an unprecedented financial turmoil. The current crisis turned worse in September last year following the bankruptcy of Lehman Brothers. Since then, the Federal government has unveiled a slew of measures, including the mammoth $ 787 billion rescue programme, to tide over the financial crunch.
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