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CENTRAL BANK DIGITAL CURRENCY
BRICS 2026 calls for bigger emerging-market voice in IMF, World Bank; criticises unilateral tariffsBRICS finance leaders urged greater emerging market representation in global financial institutions. They also advocated for increased loca...
India, Russia explore digital currency payments for trade in cross-border breakthroughIndia and Russia are exploring digital currency payments for bilateral trade, potentially opening a faster route for cross-border settlemen...
BRICS can boost local-currency trade with deeper financial markets, stronger banking links: ExpertsBRICS nations can boost trade and investment by deepening financial markets. Experts suggest using local currencies more often for transact...
India's BRICS play may have a payment plan with no hard cashIndia is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems a...
Russia will discuss digital currencies payments with BRICS+ partners at India summitRussia will discuss digital currency trade settlements with BRICS+ partners this week. President Vladimir Putin will attend the BRICS+ summ...
BRICS Summit in New Delhi: The grand finale is India's moment to navigate a bigger, and more divided blocIndia hosts the BRICS summit, aiming to unify the expanded group. The enlarged bloc now includes major energy producers and consumers, fost...
Sebi completes first phase of Demat 2.0 bond pilot; secondary trading next: Tuhin Kanta PandeyThe Securities and Exchange Board of India (SEBI) has completed the first phase of its Demat 2.0 pilot for corporate bonds and will next br...
MobiKwik expands digital forex retail service to six currenciesMobiKwik has expanded its digital foreign exchange service to six currencies, including the UAE dirham and euro. This new multi-currency of...
RBI to expand retail forex access with five new currency pairs, plans wider global currency bouquetThe Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar and Emirati dirham—to its FX-Retai...
RBI uses currency swaps to cut $115 billion cash surplusIndia's central bank is draining excess cash from banks using currency swaps. This action follows record high funds in the financial system...
RBI explores tokenising gold amid push to expand Unified Markets InterfaceThe Reserve Bank of India is exploring gold tokenisation for its Unified Markets Interface. This platform currently settles tokenised finan...
Rupee's RBI-backed rally falters, slips past 95 on oil, slowing interventionThe Indian rupee slid past ninety-five against the dollar on Wednesday, influenced by climbing oil prices that have offset recent intervent...
US dollar reserve shift may be less widespread than headline figures suggest, NY Fed study findsThe dollar’s share of global reserves has fallen, but a New York Fed study says the decline is concentrated among a few countries. Reserve ...
Cross-border fintechs are still competing with banks, not each other: Skydo’s Movin JainSkydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category creation a bigger priority than com...
REC set to debut tokenised corporate bond sale next week: BankersIndia will launch tokenized corporate bonds next week using blockchain technology. State-run REC aims to raise five billion rupees through ...
Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choiceDespite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-...
India to pitch central bank digital currencies to BRICS partners at meetThe global grouping celebrates 20 years at the New Delhi summit on September 12-13. A high-level meeting would be held next week to thrash ...