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.
Goldman Sachs’ India bets: 8 stocks rally up to 85% in CY26; one new addition
Goldman Sachs’ India equity portfolio fell 6% in CY26 amid mixed stock performance. While 18 stocks declined sharply, eight delivered strong gains, led by GNG