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2026-09-17 14:22:11
[India's July purchases of US Treasury bonds hit a record high: Central Bank's special mechanism attracts $40.8 billion in inflows, holdings hit a 10-month high] (1) Driven by a large inflow of funds from the Reserve Bank of India's special mechanism for attracting overseas capital, India purchased a record amount of US Treasury bonds in July. (2) The latest data from the US Treasury shows that India's net purchases of US Treasury bonds rose from $3.39 billion in June to $15.2 billion, with holdings hitting a 10-month high. (3) The Reserve Bank of India launched a special channel in early June, and by the end of July, a total of $40.8 billion had flowed in, prompting India to significantly increase its holdings of US Treasury bonds. (4) The mechanism provides preferential swap arrangements for funds raised by overseas deposits and overseas loans. (5) The scale of capital inflows exceeded expectations, and India's foreign exchange reserves also climbed to a historical high.
