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India supports CBDCs for BRICS payments but rejects bloc-wide network

India backs the use of central bank digital currencies for BRICS payments while ruling out a single bloc-wide network. The position signals a limited approach to financial cooperation among BRICS members.

By DoomRadar · Published on DoomRadar .

Why it matters

Changes in cross-border payment arrangements could affect sanctions resilience and the future structure of international finance.

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  1. India backs CBDCs for Brics payments, rules out bloc-wide network ↗business-standard.com · Recorded source date: Sep 10, 2026, 5:46 AM UTC
  2. India to push BRICS digital currency link despite hurdles, sources say ↗cnbcafrica.com · Recorded source date: Sep 10, 2026, 12:16 PM UTC

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