Business

India offloads US bonds, piles up gold in pivot away from dollar assets

January 23, 2026

As gold and other alternatives take a larger share of RBI's forex reserves, the shift mirrors moves by bigger holders like China, reviving questions about US exceptionalism and the role of its debt as a reserve asset. Renewed trade threats from President Donald Trump over Greenland are only deepening the unease, raising the prospect that European governments could also start scaling back.

A man walks past a logo of the Reserve Bank of India and the Indian Rupee inside the RBI headquarters in Mumbai. By selling US Treasury holdings, RBI can then use the funding to purchase rupees to strengthen its value

Credit: Hindustantimes

Key Highlights

As gold and other alternatives take a larger share of RBI's forex reserves, the shift mirrors moves by bigger holders like China, reviving questions about US exceptionalism and the role of its debt as a reserve asset.
Renewed trade threats from President Donald Trump over Greenland are only deepening the unease, raising the prospect that European governments could also start scaling back.

Business

Sources

India offloads US bonds, piles up gold in pivot away from dollar assets

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

India offloads US bonds, piles up gold in pivot away from dollar assets

Key Highlights

Sources

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