Gold reserves vs dollar assets: Why is RBI buying gold & reducing investments in US treasury securities – top points to know
The central bank has added 600 kilograms to its gold reserves this fiscal year. (Representative image) In a strategic shift, India is betting on gold rather than dollar-based assets for its foreign exchange reserves. The Reserve Bank of India (RBI) is showing a preference for gold over dollar-based investments, data suggests. As of October 10,…
Trump hits bulls’s eye with US sanctions? Why India, China may stop buying Russian oil – explained
India already faces 50% US tariffs, of which 25% penal tariffs are on account of its crude imports from Russia. (AI image) US President Donald Trump’s move to sanction two of Russia’s largest oil firms – Rosneft and Lukoil – may finally force India and China to drastically reduce or even stop their crude oil…
