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.
Fear levels of March 2020? Iran war gives Nifty its worst month since the dreaded Covid crash
Indian equities are suffering their worst month since the Covid crash as the Iran war, $100 crude and heavy FII selling hammer sentiment. Despite the