India Dumps US Treasuries, Buys Up Gold To Mitigate Threats
The threat of US sanctions, tariffs, and asset seizures has encouraged central banks to diversify away from greenback-based holdings
India has drastically reduced its investment in US Treasuries, as New Delhi and some of the world’s largest nations move away from dollar-based investments to protect against Washington's policy of economic coercion, Bloomberg reported on 23 January.
India’s holdings of long-term US sovereign debt have dropped to $174 billion, down 26 percent from a 2023 peak, according to recently released US government data.
According to the Reserve Bank of India, US Treasuries now account for just 30 percent of India’s foreign-exchange assets, down from 40 percent a year ago.
At the same time, India has expanded its holdings of gold, mirroring the actions of China and other nations.
According to Win Thin, chief economist at Bank of Nassau 1982 Ltd., India may further reduce its holdings of US Treasuries to mitigate sanctions risks.
🔗SOURCE ➡️ The Cradle
Related: 1/22 — India, UAE Agree To ‘Double’ Bilateral Trade To $200bn In Six Years
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The threat of US sanctions, tariffs, and asset seizures has encouraged central banks to diversify away from greenback-based holdings
India has drastically reduced its investment in US Treasuries, as New Delhi and some of the world’s largest nations move away from dollar-based investments to protect against Washington's policy of economic coercion, Bloomberg reported on 23 January.
India’s holdings of long-term US sovereign debt have dropped to $174 billion, down 26 percent from a 2023 peak, according to recently released US government data.
According to the Reserve Bank of India, US Treasuries now account for just 30 percent of India’s foreign-exchange assets, down from 40 percent a year ago.
At the same time, India has expanded its holdings of gold, mirroring the actions of China and other nations.
According to Win Thin, chief economist at Bank of Nassau 1982 Ltd., India may further reduce its holdings of US Treasuries to mitigate sanctions risks.
🔗SOURCE ➡️ The Cradle
Related: 1/22 — India, UAE Agree To ‘Double’ Bilateral Trade To $200bn In Six Years
Follow us on Minds / X / Substack
Boost This Channel
Follow ➡️ @PsyopDaily
The Cradle
India dumps US Treasuries, buys up gold to mitigate threats
The threat of US sanctions, tariffs, and asset seizures has encouraged central banks to diversify away from greenback-based holdings
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