Topic
foreign reserves
Trade India, China Cut US Treasuries, Boost Gold Reserves in De-Dollarization Push
India and China are reducing exposure to US Treasuries and increasing gold reserves, according to a Business Today report citing Federal Reserve and RBI data. India's Treasury holdings fell 22.5% year-on-year to $181 billion, while gold reserves rose 33.9% to 881 tonnes. China's Treasury holdings dropped 12.44% to $651.1 billion. Central banks globally bought an average 1,000 tonnes of gold annually over the past four years, double the previous decade's average.
Finance 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.
Business India’s Foreign Reserves Rise by $963 Million to Over $672 Billion, RBI Data Shows
India's foreign exchange reserves rose by $963 million to over $672 billion in the week ended June 19, driven by a $4.1 billion increase in gold reserves, according to Reserve Bank of India data. In contrast, foreign currency assets declined by $3.07 billion, while SDRs and IMF reserve positions also fell.