The Daily Populous Monday September 8th, 2025 day edition
Authored by moneycontrol.com and submitted by Normal_Imagination54

RBI has started diversifying US treasury holding and purchasing gold, says FM Nirmala Sitharaman

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ChornWork2 on September 8th, 2025 at 01:20 UTC »

countries make this type of claim all the time, but invariably massively overstate the actual change. the reason they held US securities wasn't because they liked the american govt.

Normal_Imagination54 on September 7th, 2025 at 16:27 UTC »

SS: Finance Minister Nirmala Sitharaman on September 5 told Network18’s Group Editor-in-Chief Rahul Joshi in an exclusive conversation that the Reserve Bank of India (RBI) has already started diversifying its holding in the US Treasuries, along with purchasing of gold.

“To some extent the Reserve Bank of India (RBI) has already started diversifying from US Treasuries,” Sitharaman said in an interview.

“I don’t want divulge in to how they are diverting, but I think the RBI has taken very considered decision and they have also done by purchasing gold,” she added.