India trims US debt by over US$1b

 India slashed its holdings of American debt by a little over $1 billion in February while China, which is locked in a currency row with the US, trimmed the holdings by $11.5 billion during the same period.

According to the US Treasury Department, India has slashed its holdings to $31.6 billion in February, while it was at $32.7 billion in January. Meanwhile, India’s holdings have come down by more than $10 billion since June last year.