India Is Not Selling US Treasury Holdings, RBI Governor Says

India is not selling its US Treasury holdings, Reserve Bank of India Governor Sanjay Malhotra said at a post-policy press conference on Friday.

“Our forex reserves had come down, so as a result of that” all holdings change, said Malhotra. “Those are fluctuations on our day-to-day or a week-to-week basis that we give out but there is no reduction in our holdings of US treasuries.”