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India's US Treasury Purchases Hit Record on Capital Inflows

Bloomberg Markets •
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India bought a record amount of US 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.