RBI’s Golden Owning rose to 879.59 tons towards the end of March 2025, an increase of 57.49 tons compared to 822.10 tons of tons at the end of March 2024 | Photocredit: Reuters
The Reserve Bank of India (RBI) has reduced the possession of the American Treasury Securities in the last year by $ 14.5 billion, even when it has gold in stock in the background of the rising American treasury, geopolitical and American tariff -related uncertainties.
The importance of the central bank of the American Treasury Securities fell from $ 241.9 billion in June-Einde 2024, to $ 227.4 billion from June-end 2025, according to the last US Department of Treasury Data.
The Gold Holding of the RBI rose to 879.59 tons towards the end of March 2025, an increase of 57.49 tons compared to 822.10 tons at the end of March 2024, according to the latest data from the central bank.
During the aforementioned period, the share of gold reserves in the foreign exchange reserves rose to 12 percent of 8 percent.
Dollar volatility
Shrisha Acharya, vice -president, Anand Rathi Global Finance, noted that the RBI strategically reduced his American Treasury Holdings with around $ 15 billion, while at the same time increasing his gold reserves by almost $ 24 billion.
“Despite this shift, the total exchange rate reserves of India will remain robust at $ 690.7 billion. This recurrence reflects a wider global trend of the focal bank, powered by geopolitical uncertainties, with gold that is increasingly preferred as a safe cover against American debt risico’s.
Acharya noted that the recent US tariff actions have further increased the risk of dollar volatility, which strengthens the case for the diversification of the Forex reserves.
“For India, the relocation improves financial resilience by reducing the dependence on dollar-proof assets, strengthening the stability of rupees and protecting the economy against imported inflation, although it bears the consideration of lower returns compared to American treasury yields,” he said.
Published on September 1, 2025
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