The Reserve Bank of India (RBI) has sold US treasury (USTs) bonds worth $16.3 billion
.
As the United States trade war with China keeps pace, the country sold $3 billion in US Treasury bonds, making it the third sale in the last 14 years.

.
Following suit, the Reserve Bank of India (RBI) has sold US treasury (USTs) bonds worth $16.3 billion since April as the country’s stock plummeted to $140 billion during August, The Economic Times reported.
.
The sale came as RBI made efforts to tackle the increasing slide of the rupee and “trim” it’s holding of US Treasuries as the RBI “joins many other emerging economies which have been selling off US bonds amid rising [interest] rates.”
.
The Indian rupee dissipated more than 10 percent of its value against the dollar after foreign portfolio investors (FPI) drew out more than $10 billion in investments in the Indian markets since April.
.
Russia and China are both moving to bypass the US by dropping the dollar for bilateral trades.
.
china-spoof-2ims
They don’t fight you just trash your economy
In mid-October, Beijing sold $3 billion of sovereign dollar bonds in the face of the ongoing US-China trade spat, in a move that Bloomberg reported as “an even bigger demonstration of China’s pull in the international bond market.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s