India dumps US Treasuries, buys up gold to mitigate threats

Snip:

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.