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🚨 RBI DIVERSIFIES: THE BIG SHIFT TO GOLD
India is aggressively pivoting its forex strategy. The RBI is reducing its dependence on the US Dollar and significantly boosting its Gold reserves.
US Treasury Holdings: Dropped to ~$190B (a $51B YoY decline).
Gold Reserves: Have reached a solid 880.18 tonnes.
Gold’s Share: Now accounts for 13.6% of total forex (up from 9.3%).
Total Reserves: India’s forex cushion remains rock-solid between $685B – $702B.
Why the shift? Amid global uncertainty and US debt risks, central banks are trusting Gold as the ultimate "Safe Haven" asset.