On 14 July, India’s forex reserves stood at $609 billion. On 20 October, they hit a recent low of $583.5 billion before rising again slightly to $597.9 billion on 24 November
Here were two countries separated by the Pacific Ocean, one shaped by freewheeling capitalism, the other ruled by an authoritarian Communist Party, yet conjoined in an enterprise so consequential that economic historian Niall Ferguson coined a term: Chimerica, shorthand for their "symbiotic economic relationship."
Investing in US government bonds will give you the opportunity to benefit from current high yields, potential capital gains in the future when interest rates move down, potential gains from INR depreciation, etc.