India's central bank proposes linking BRICS CBDCs

The Reserve Bank of India has proposed a system to link the central bank digital currencies (CBDCs) of BRICS nations, CoinDesk reported. The proposal aims to simplify cross-border payments in trade and tourism and reduce reliance on the U.S. dollar. The central bank has asked the Indian government to place the item on the official agenda for the 2026 BRICS summit.