S5/10Economic
India's US Treasury holding hits a 6-year low amid gold push
India's US Treasury holdings dropped to $181 billion in April. This reduction reflects a strategic shift in foreign asset diversification by the Reserve Bank of India. The central bank significantly increased its gold reserves to 881 metric tonnes. Gold offers a stable reserve asset, unaffected by geopolitical stresses. This move aligns with a global trend of central banks accumulating precious metals.
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