India's Reserve Bank has significantly reduced its holdings in US Treasuries, with holdings falling by approximately 21% to $190 billion by October 2025. This strategic shift, the first annual decline in four years, involves increasing gold reserves to 880.18 metric tonnes, now representing 13.6% of total forex reserves. This diversification aligns with a global trend among central banks seeking to hedge against economic uncertainties and potential dollar volatility, despite attractive US bond yields.