Economic TimesLean R·
India's US Treasury holding hits a 6-year low amid gold push
Mumbai: India's holdings of US Treasuries fell to $181 billion in April, the lowest level in nearly six years, data from the US Federal Reserve showed. A reduction in US debt was offset in part by an increase in bullion stockpiles, reflecting India's portfolio diversification strategy for foreign assets.New Delhi's holding of US Treasuries declined sharply from $232 billion a year earlier, reflecting a sustained reduction in the Reserve Bank of India's (RBI) exposure to US government debt.India…
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