: India Bets on Common Digital Currency, Joint Navies & Russia's Starlink Rival https://www.youtube.com/watch?v=yI_2RAgO4vI Think BRICS the expanded BRICS countries are making significant announcements, including India's Chairship launch and the RBI's digital currency initiative. These developments point to a major global power shift in how global commerce and security operate, highlighting the growing financial sovereignty of the global south. This signals a shift in geopolitics and economics.
India's central bank proposes linking BRICS' digital currencies, sources say
https://www.reuters.com/world/india/indias-central-bank-proposes-linking-brics-digital-currencies-sources-say-2026-01-19/ By Jaspreet Kalra and Nikunj Ohri India's central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier. The Reserve Bank of India (RBI) has recommended to the government that a proposal connecting the central bank digital currencies (CBDCs) be included on the agenda for the 2026 BRICS summit,
RBI’s BRICS Digital Currency Proposal: A Step Towards De-Dollarisation? Nidhi Thakur January 21, 2026 https://www.swastika.co.in/blog/rbis-brics-digital-currency-proposal-a-step-towards-de-dollarisation
The Reserve Bank of India is known for its conservative and well-calibrated policy approach. Any participation in a BRICS digital currency framework would likely be:
Limited to trade settlement, not domestic use
Fully compliant with FEMA and RBI regulations
Introduced in pilot phases before scaling up
India’s regulatory focus remains on financial stability, capital controls, and systemic risk management.
This is why the proposal is better viewed as an additional option rather than a replacement for existing systems.