BRICS nations adopted the New Delhi Declaration, voicing concern over unilateral tariffs and non-tariff measures while reaffirming support for WTO reform and a fair, open and rules-based global trading system.
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.
SEBI is likely to issue a consultation paper on the Closing Auction Session, proposing changes to derivative settlement price calculations on expiry days amid concerns from market participants.
Commerce Minister Piyush Goyal says BRICS’ share in global merchandise exports has doubled to nearly 24%, with exports reaching almost $6 trillion in 2024.
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