
BRICS countries have agreed to strengthen cross-border cooperation, information-sharing and financial monitoring to combat terror financing, drug money laundering, financial fraud and illicit virtual asset flows.

PM Modi and Xi Jinping are expected to discuss India-China trade and investment issues, with focus on India’s $112.16 billion trade deficit with China in 2025-26.

PM Narendra Modi and UAE Crown Prince Sheikh Khaled discussed strengthening India-UAE ties, expanding cooperation in emerging sectors and boosting investments during the BRICS Summit.

India’s forex reserves jumped $44.9 billion in a week to a record $785.7 billion after a massive response to the RBI’s special forex swap facility, while the resulting liquidity surge has prompted the central bank to step up absorption measures.

Gold prices declined nearly 2 per cent this week amid rising crude oil prices, higher inflation expectations and growing bets on a US Federal Reserve rate hike.

A $65 billion fall this year has pushed the LVMH founder below Warren Buffett as luxury demand weakens in China and the Middle East.

RBI says India is shaping the next chapter of its digital financial journey through fintech innovations, tokenisation, AI, UPI and other initiatives launched at Global Fintech Fest 2026.
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