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Leaders explore BRICS pay systems even as don warnsBRICS nations are actively pursuing the development of a cross-border payments system to facilitate faster, cheaper, and more efficient tra...- At Brics, PM Modi calls for sanctions against terroristsAt the Brics summit in Rio de Janeiro, Prime Minister Modi condemned the Pahalgam terrorist attack, urging international sanctions against ...
- Rupee stays flat at 84.68 against US dollar in early tradeThe rupee remained stable against the US dollar at 84.68. This was due to foreign inflows countering the strong dollar impact. Brent crude ...
- Rupee drops 13 paise to all-time low of 84.73 against US dollarThe rupee depreciated 13 paise to close at an all-time low of 84.73 (provisional) against the US dollar on Monday, on disappointing macroec...
- From Kazan to the world: BRICS expansion could reshape global governanceThe 16th BRICS Summit in Kazan emphasises multilateralism, financial innovation, and alternative payment systems. Leaders condemned unilate...
- Russia's Sberbank says India business booming despite Western sanctionsRussia's trade with India is thriving, with Sberbank handling up to 70% of Russian exports to the country. Trade between the two nations ne...
- Rupee rises 7 paise against US dollar in early tradeMarket awaits with baited breadth the Jackson Hole Symposium between 24th and 26th in which Fed Chairperson's speech will be keenly watched...
- Rupee rises 5 paise to 83.05 against US dollarDollar witnessed its longest winning streak in the last 15 months following safe haven buying on the back of uncertainty in China and bette...
- India, Russia aim to push bilateral trade to $30 billion by year-endA dynamic growth of bilateral trade turnover was noted, which, by the end of this year, may come close to the goal set by the leaders of th...
- SWIFT exclusion to affect Russia's tradeThe US and the European Commission on Saturday issued a joint statement to exclude some Russian banks from the SWIFT messaging system. TOI ...
- Covid forced BRICS development institutes to revise their long-term strategiesThis conclusion was reached by the experts of the VEB.RF Institute (Russia's largest development institute) in a special report which was p...
- India-Russia-China explore alternative to SWIFT payment mechanismRussia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India still does...
- Cabinet gives nod for pacts by Exim Bank under BRICS mechanismAt an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter bilateral agreement with any of these member institution...
- PM Narendra Modi asserts government’s economic reforms to attract BRICS nationsIndia is changing fast into one of the most open economies in the world today. Foreign direct investment (FDI) inflows are at an all-time h...
- BRICS Summit 2016: Exim Bank released research papers, highlighting opportunities to enhance Intra-BRICS tradeThe study highlights the robust trend in bilateral trade between India and rest of BRICS countries and the rising trend in India’s trade de...
- Cabinet approves pact between EXIM Bank, New Development Bank"The proposal will enhance trade and economic relations among the BRICS countries...The participating institutions from the BRICS nations w...
- EXIM Bank to give concessional loans for overseas projectsExim Bank will provide concessional finance to Indian companies bidding for strategically important infrastructure projects abroad.
- BRICS summit: No mortar to hold BRICS togetherTop emerging economies, coming under the banner of BRICS, criticized the West for financial mismanagement.
- BRICS united, West will not always have final sayThe five countries took the first step towards doing mutual trade in local currencies by signing an agreement to extend credits in local cu...
- BRICS members to trade in local currenciesTaking note of uncertainty in global political & economic situation, BRICS took the step towards mutual trade in local currency.
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