SENSEX
NIFTY
GOLD
USD/INR

Weather

image 33    C

Economy News

The Economic Times

Economy / The Economic Times

details

India's BRICS play may have a payment plan with no hard cash

India is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems and CBDCs to make cross-border transactions faster and cheaper. The story traces Indias opposition to a new BRICS currency, Trumps tariff threats, the RBIs push for CBDC interoperability, and the technical and trade hurdles that could stand in the way.

11 Sep 2026 11:21 am