From The Times of India, Mumbai
Friday, January 23, 2026
In a big shift for one of the five largest economies, India's holdings of U.S. Treasuries have seen a drop, sliding to the lowest level in five years.
The reason for the fall is both need-based and strategic: The rupee has been depreciating, making it one of the worst performing Asian countries last year.
... Dispatch continues below ...
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TORONTO -- Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) provides preliminary metallurgical results performed by SGS Canada Ltd1 at its laboratories based in Quebec City, Quebec, and Lakefield, Ontario, from representative samples of Lion Zone mineralization.
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As previously reported, the copper mineralization at Lion is contained within coarse grained chalcopyrite and cubanite and copper was expected to respond well to conventional sulphide concentration methods. These initial metallurgical tests were designed to determine the recovery potential of the platinum group metals, gold, silver, and nickel. ...
... For the remainder of the announcement:
https://pro.ceo.ca/@newswire/power-metallic-reports-lion-zone-recoveries-of-989 [1]
The second reason is to strategically change the composition of foreign exchange reserves, reducing dependence on U.S. assets. In fact, most economies are reducing reliance on the world's largest bond market.
U.S. government data released last week shows that India's holdings of long-term American debt have fallen to about $174 billion. This marks a drastic 26% drop from the peak, which was recorded in 2023.
According to the Reserve Bank of India, Treasuries now make up roughly one-third of the country's forex reserves, down from around 40% a year ago. ...
... For the remainder of the report:
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