RBI cuts US Treasuries to $181B as it diversifies
India's central bank has cut back big time on US Treasury investments, dropping to $181 billion in April 2026, the lowest in nearly six years.
Instead of putting all its eggs in the US basket, the Reserve Bank of India (RBI) is spreading out its assets and looking for safer bets.
RBI raises gold reserves to 881t
The RBI now holds 881 metric tons of gold, up from 879 tons in April 2025 (and from 658 tons in 2020) (that's about $102.5 billion worth).
Gold's appeal? It stays safe when things get shaky; as chief economist at Bank of Baroda Madan Sabnavis puts it, "Gold will never be sold in a routine scenario... however, in extreme situations... gold can be monetised or pledged."
India isn't alone here, countries like Poland, China, and Turkey are also stacking up gold, while others like Japan and the UK still lean on US Treasuries.