The Reserve Bank of India is strategically shifting its foreign exchange reserve strategy, favoring increased gold reserves over US Treasury bills. This move aligns with a global trend of diversifying away from the US dollar amidst geopolitical uncertainties. While India’s US T-bill holdings have decreased, gold reserves have increased, reflecting a broader diversification in forex currency assets.
Metal stocks slide up to 7% as dollar hits 4-month high; NALCO, Hindustan Copper lead fall
Metal stocks, including NALCO and Hindustan Copper fell sharply on Friday as a surging US Dollar Index and ongoing Iran–Israel/US conflict dented demand. Analysts advise