India advocates for the internationalization of the Indian Rupee as part of its engagement with the BRICS bloc.

The entities involved

• BRICS →

  association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates

  • Mozambique is strengthening its engagement with the BRICS grouping and expanding bilateral ties with key members like Russia, China, India, and Brazil.19:19
  • Malusi Gigaba spoke on the BRICS Summit, and a BRICS Youth Summit was held in Limpopo in 2018.08:14
• Indian Rupee →

  official currency of the Republic of India

  • Global bond yields and crude prices are causing a spike in oil prices and leading to capital outflows impacting the Indian Rupee.Sun 10:51

Related events

• India is recognized as a key partner in the BRICS bloc, with Vladimir Putin strongly backing India's strategic autonomy against Western threats.Jun 9
• India's role in the G20 presidency and BRICS association is noted alongside Chhattisgarh learning from Gujarat's model.Oct 11
• India hosts the BRICS Summit and leads the chairship initiatives.Sep 12