BRICS and the Reserve Bank of India are exploring ways to reduce cross-border payment costs and rolling out the digital rupee pilot scheme.
32 reports, 4 independent
Updated Thu 00:00
Mostly repetition
Reached 29 outlets in its first 24 hours
- Reports
- 32
- Developments
- 4
- Repetition
- 94%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
BRICS and the Reserve Bank of India are exploring ways to reduce cross-border payment costs and rolling out the digital rupee pilot scheme.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- BRICS members integrated payment infrastructure with India's system.Sub-event
- BRICS and central bank representatives are discussing dedicated financial corridors and testing instant payment platforms using CBDCs.Sub-event
RBI pilots CBDC for welfare payments; BRICS members discuss linking payment systems.1 source
BRICS and RBI focus on lowering cross-border payment costs and launching the digital rupee.1 source
Keep exploring
The entities involved
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
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Reserve Bank of India
central bank of India
Related events
- RBI drives digital rupee adoption for settlements while SEBI pilots tokenized bonds, learning from European markets.
- Central banks, including the RBI, are exploring the use of digital currency for trade settlement among BRICS members.
- BRICS calls for major reforms of Western financial institutions, with India acting as a brake on de-dollarization efforts.
- The Reserve Bank of India rolled out new measures aimed at attracting foreign capital to bolster the nation's balance of payments.
- The Reserve Bank of India announced a special programme concerning foreign currency deposits.
Coverage
Newest first; wire copies grouped28 more outlets ran the same wire story
- businesstoday.in
- oklahomastar.com
- utahindependent.com
- jamaicantimes.com
- indiagazette.com
- nigeriasun.com
- trinidadtimes.com
- arabherald.com
- hongkongherald.com
- heraldglobe.com
- iranherald.com
- newyorktelegraph.com
- birminghamstar.com
- sierraleonetimes.com
- orlandoecho.com
- middleeaststar.com
- ohiostandard.com
- chinanationalnews.com
- tucsonpost.com
- coloradostar.com
- sandiegosun.com
- caribbeanherald.com
- japanherald.com
- brazilsun.com
- batonrougepost.com
- greekherald.com
- afghanistansun.com
- myanmarnews.net