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India Cuts U.S. Treasury Holdings to Five-Year Low

1/23/2026

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Summary

Story summary

India has reduced its holdings of U.S. Treasuries to a five-year low.
The decline underpins India's strategy to support its currency and diversify its reserves.
The move aligns with a broader trend among major economies shifting away from the U.S. bond market.
The development highlights a shift in reserve composition as governments reassess exposure to U.S. debt.

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Story summary

India has reduced its holdings of U.S. Treasuries to a five-year low.
The decline underpins India's strategy to support its currency and diversify its reserves.
The move aligns with a broader trend among major economies shifting away from the U.S. bond market.
The development highlights a shift in reserve composition as governments reassess exposure to U.S. debt.