The Reserve Bank of India increased gold reserves over US Treasury bills. This move aims to strengthen foreign exchange holdings. India’s US T-bill investments decreased compared to last year. However, India remains a top investor, ahead of Saudi Arabia and Germany. This shift reflects a global trend of diversifying reserves beyond the dollar. China also reduced its US T-bill holdings.
​The Reserve Bank of India increased gold reserves over US Treasury bills. This move aims to strengthen foreign exchange holdings. India’s US T-bill investments decreased compared to last year. However, India remains a top investor, ahead of Saudi Arabia and Germany. This shift reflects a global trend of diversifying reserves beyond the dollar. China also reduced its US T-bill holdings. by Soban News (international And National News)
