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RBI May Pivot to Buying Dollars to Build Reserves, Analysts Say
The rupee’s biggest rally in seven years will give the central bank scope to rebuild its foreign-exchange reserves, potentially limiting further …
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Cryptocurrency News | Cryptocurrency Prices | Market CapRBI May Pivot to Buying Dollars to Build Reserves, Analysts Say
Is India moving away from the Dollar? Strategic shift in foreign reserves signals a new era - The Canadian Media
By Deepayan Sinha IBNS-CMEDIA: In recent months, India’s foreign exchange reserve management has attracted global attention. Data reveals that the Reserve Bank of India (RBI) has reduced holdings of US Treasury bonds to the lowest level in five years, trimming exposure to dollar-denominated assets while strengthening other components of its reserves. This strategic pivot has sparked questions about whether India is charting a gradual shift away …
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