Topic
bond market
India's US Treasury Holdings Plunge to Near 6-Year Low as RBI Shifts Reserves into Gold
India's holdings of US Treasury securities fell to a near six-year low of $181 billion in April, according to US Federal Reserve data, as the Reserve Bank of India actively diversifies its foreign exchange reserves into gold. Gold reserves rose to 881 metric tonnes, valued at $102.5 billion, reflecting a strategic shift in reserve management amid global geopolitical uncertainty.
India's G-Sec Reforms Aim for Bloomberg Index Inclusion
India's government has introduced reforms to boost foreign investment in government securities, aiming for inclusion in Bloomberg's Global Aggregate Bond Index. The measures include tax exemptions and expanded investment routes.
G-Secs Surge as India Eases Foreign Investment Rules
India's G-Secs rallied as the government and RBI eased foreign investment rules, lowering yields to 6.94%. The move exempts FPIs from taxes, aiming to attract foreign flows.