印度引领美债减持潮 资金避险推金价指5000

Group 1 - The core point of the news is that India's holdings of U.S. Treasury bonds have decreased to a five-year low, reflecting a trend among major economies to reduce their U.S. debt holdings while diversifying reserves and supporting their local currencies [2] - India's long-term U.S. Treasury holdings have dropped to $174 billion, a 26% decrease from the peak in 2023, and the proportion of these holdings in foreign exchange assets has fallen from 40% to one-third over the past year [2] - The reduction in U.S. Treasury holdings is driven by the need to lower sanction risks and diversify reserves, with the Indian government indicating a cautious approach to reserve diversification [2][3] Group 2 - Central banks globally are increasingly turning to alternative assets, with India’s central bank continuing to increase its gold holdings, and Brazil's U.S. Treasury holdings reaching their lowest level since 2011 [3] - A global central bank survey indicates that nearly 60% of central banks plan to seek alternatives to the U.S. dollar in the next one to two years [3] - The outlook suggests that if a U.S.-India trade agreement is reached and the rupee stabilizes, the pace of India's reduction in U.S. Treasury holdings may slow down, although the overall trend towards diversification is expected to continue [3]