In a strategic pivot, the Reserve Bank of India has cut down its deposits with other central banks and is now channeling more resources into US Treasury bills. This decision underscores a growing preference for assets that hold global liquidity, prompted by rising geopolitical tensions. Notably, India's foreign exchange reserves have also been strengthened through this transition.
RBI steps up play in us treasuries, other securities
In a strategic pivot, the Reserve Bank of India has cut down its deposits with other central banks and is now channeling more resources into US Treasury bi…
