WASHINGTON: India further trimmed its holdings of the U.S. government securities to $115.6 bn in August amid continuing global economic uncertainties.

After hiking the exposure to these securities for eight consecutive months till June, India has now reduced the exposure for two straight months in July and August.

As per the latest data from the U.S. Treasury Department, India's holdings came down to $115.6 bn in August from $116.4 bn recorded in July. China remained the largest holder of the U.S. government securities and its holdings rose to $1.271 trillion while Japan was at the second spot with $1.197 trillion worth exposure.

Among the BRIC nations, Brazil also lowered its holdings in August, trimming its exposure to $255.3 billion from $257.9 bn seen in July.

However, Russia significantly raised its holdings to $89.9 bn in August.

According to the Treasury Department, foreign residents lowered their holdings of long term U.S. securities in August.

"Foreign residents decreased their holdings of long-term U.S. securities in August; net sales were $21.8 bn. Net purchases by private foreign investors were $19.8 bn, while net sales by foreign official institutions were $41.5 bn," it said in a statement last week.

Despite concerns about global economic conditions, the U.S. economy has been seeing improvement and its GDP grew 3.9 pct in June quarter, as per the latest data.

In the wake of uncertainties, the International Monetary Fund (IMF) has lowered the world economic growth forecast to 3.1 pct for this year.

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