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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 finance ministers discuss possibility of efficient cross-border payment mechanismsBRICS finance ministers and central bank governors are exploring faster and cheaper cross-border payment systems, including greater use of ...
- 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...
- Rupee falls 27 paise to 95.79 against US dollar in early tradeThe rupee faced a decline against the US dollar in early Friday trading, greatly influenced by soaring crude oil prices and persistent fore...
- BRICS chief backs de-dollarisation, says local currencies are the way forwardBRICS Chamber Chairman Sameep Shastri supports de-dollarisation for a multipolar economic system. He believes local currency trade and digi...
- FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev MehtaForeign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportu...
- Rupee slumps 38 paise to close at 95.46 against US dollarThe Indian rupee slipped by 38 paise, settling at 95.46 against the US dollar on Thursday, influenced by Brent crude oil prices rising abov...
- 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...
- Rupee falls 25 paise to 95.33 against US dollar in early tradeThursday's early market saw the Indian rupee slip against the US dollar amid heightened crude oil prices and a consistent demand for the do...
- Bessent dares traders to bet against Yen: ‘I am the house now’In a provocative statement, Treasury Secretary Scott Bessent has urged traders to reassess their approach to the Japanese yen, indicating t...
- Scott Bessent: Can use US balance sheet for foreign policyUS Treasury Secretary Scott Bessent elaborated on leveraging financial mechanisms to achieve foreign policy objectives. He argued that this...
- Jio Payment Solutions launches cross-border payments to connect exporters with global marketsJio Payment Solutions has launched a new cross-border payment platform. This facility helps Indian exporters receive international payments...
- Global Market: Amazon diversifies debt funding with first Sterling bond offeringAmazon has launched its first sterling-denominated bond sale, with four maturities ranging from three to 19 years, as hyperscalers diversif...
- Russia reveals India's big asks ahead of Modi-Putin meet: Su-57 tech, nuclear plants and moreAt the BRICS Summit, Prime Minister Narendra Modi will have a significant meeting with President Vladimir Putin of Russia. The agenda inclu...
- Yen extends rally to new seven-month high; dollar subdued ahead of CPIThe Japanese yen achieved impressive seven-month highs against the U.S. dollar on Tuesday, driven by traders closing short positions in lig...
- Copper prices scale fresh record high as focus turns to tight supplies outside USCopper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME coppe...
- Waterfield Advisors launches two GIFT City funds for global diversificationWaterfield Advisors has launched two GIFT City-based outbound AIFs to help Indian family portfolios diversify across global equities, commo...
- India's $127 billion NRI deposits arm gives RBI more firepower, setting rupee up for rallyOn Thursday, predictions suggest that the Indian rupee will continue its upward trajectory. This optimism stems from substantial foreign cu...
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