Global central banks are reducing US Treasury holdings and increasing gold reserves. India’s gold reserves surpassed $100 billion. Gold prices experienced a significant drop, which is expected to boost demand from investors and central banks. This shift indicates a diversification strategy amid political uncertainty. The trend shows a move away from dollar assets towards gold….
In a bold move towards financial stability, India’s Reserve Bank is transforming its foreign exchange strategy. By acquiring more gold and scaling back on US Treasury Securities, the bank is effectively diversifying its reserves. This shift underscores gold’s reputation as a secure asset in volatile economic climates, with India’s gold reserves now surpassing a staggering…
India’s foreign exchange reserves increased by $2.703 billion to $698.192 billion for the week ended July 25, according to data released by the Reserve Bank of India (RBI) on Friday, August 1. In the prior week, the reserves had seen a decline of $1.183 billion, falling to $695.489 billion. Breaking down the latest figures: Foreign…
India’s foreign exchange reserves saw a healthy rise this week, with gold reserves increasing by $342 million, taking the total forex tally to $699.736 billion, according to the Reserve Bank of India (RBI). The increase signals a strengthening economic buffer as India accelerates initiatives across technology and infrastructure. Scindia pushes for India’s global leadership in…