InvestorQ : Is it true that India sold US treasuries worth $21 billion in the month of March 2020?
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Is it true that India sold US treasuries worth $21 billion in the month of March 2020?

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11 months ago
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Yes that is correct. RBI’s investment in US Treasury bonds plunged by $21 billion in March, probably as the government felt the need to hold dollars in the midst of the sharp sell-off in equity markets and heavy FII outflows. India’s holdings of US treasuries now stand reduced at $156 billion. RBI looks to have moved into dollar cash to be able to sell dollars in the market to steady the rupee. India is the now the 13th largest investor in US Treasury bonds after Saudi Arabia. Japan and China are the top two sovereign investors in US treasuries with a chest in excess of $1.30 trillion each

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