Catenaa, Monday, December 07, 2025-Three BRICS countries reduced their holdings of United States Treasuries in September, trimming a combined total of about twenty nine billion dollars, according to new federal data.
Figures from the Treasury International Capital system showed India moved first, cutting sixteen point seven billion dollars during the last month of the third quarter. Brazil followed, scaling back by eleven point eight billion dollars.
China reduced holdings by five hundred million dollars.
China remains the third largest foreign holder of US debt behind Japan and the United Kingdom.
Analysts say that the declines highlights a trend of steady trimming across emerging markets as governments react to currency exposure and global political tension. Analysts said the adjustments appear measured rather than abrupt liquidation.
Standard Chartered economist Philippe Dauba Pantanacce said many countries want less reliance on the dollar because of geopolitical pressure and past policy moves by Washington.
He noted that the process is slow. The dollar still anchors global reserves, trade settlement and financial markets. Market observers said similar reductions have occurred during previous rate cycles.
Data from recent months showed that portfolio rotation into domestic debt and non dollar assets has grown among several central banks. The latest pullback came during a period of higher US yields and strong dollar performance against major currencies.
Economists said the coming quarters will show whether selling accelerates or stabilizes.
Official reserve managers in BRICS capitals have not commented publicly on long term plans for US debt exposure.
