India records its largest-ever monthly purchase of U.S. Treasuries

India purchased $15.2 billion of U.S. Treasuries in July, marking its largest monthly purchase on record.
The buying represents a significant increase in Indian demand for U.S. government debt and provides a notable source of foreign participation in the Treasury market.
The flow is supportive for $UST demand at the margin, although its broader impact depends on positioning by other major foreign holders and overall U.S. government issuance.