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What made India the biggest buyer of US treasury securities in Apr-July

image The RBI has been trying to keep rupee from appreciating too much by buying dollars
With the Federal Reserve on a dollar printing spree to save the American economy from a deeper pandemic hit, the supply of US treasury securities has increased dramatically since March. The RBI has been an avid buyer of these securities, despite the risk of capital loss and low interest rate on these instruments...............et

21-Sep-2020