Share of US treasury in RBI reserves shrink, gold sees an increase
Mint Mumbai|December 27, 2023
The share of US treasury securities in Reserve Bank of India's (RBI) overall foreign exchange reserves shrank in the 12 months to September, while the share of gold holdings rose, data showed, with experts calling it an outcome of revaluation and a rise in holdings.
Shayan Ghosh Ram

The data on holdings of US treasury certificates is sourced from the December bulletin of markets regulator Securities and Exchange Board of India (Sebi), which cites the US foreign Department of the Treasury.

The aggregate exchange reserves data is from RBI. While India's total holding of US treasury securities rose 7.8% year-on-year (y-o-y) to $229.1 billion in September, its share in RBI's aggregate forex reserves shrank about one percentage point to 39%.

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