BRICS nations collectively sold $2.7 billion in U.S. Treasury securities in October, with China, India, and Brazil spearheading the divestment. This strategic shift aligns with efforts to diversify reserves, favoring gold and local currencies. India's sales are notably linked to the rupee's depreciation, which has fallen over 5%.
Despite this sell-off, demand for U.S. Treasuries remains robust, bolstered by private sector interest. Meanwhile, liquidity in cryptocurrency markets is on the rise as global reserve strategies evolve.
BRICS Nations Divest $2.7 Billion in U.S. Treasuries in October
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
