RBI has started diversifying US treasury holding and purchasing gold, says FM Nirmala Sitharaman

https://www.moneycontrol.com/news/business/economy/rbi-has-started-diversifying-us-treasury-holding-and-purchasing-gold-says-fm-nirmala-sitharaman-13525027.html

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  1. SS: Finance Minister Nirmala Sitharaman on September 5 told Network18’s Group Editor-in-Chief Rahul Joshi in an exclusive conversation that the Reserve Bank of India (RBI) has already started diversifying its holding in the US Treasuries, along with purchasing of gold.

    “To some extent the Reserve Bank of India (RBI) has already started diversifying from US Treasuries,” Sitharaman said in an interview.

    “I don’t want divulge in to how they are diverting, but I think the RBI has taken very considered decision and they have also done by purchasing gold,” she added.

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