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At a recent Brics summit in Kazan, Russia proposed "BRICS Pay," a payment system akin to SWIFT and India's Unified Payments Interface (UPI). The system aims to facilitate seamless cross-border payments in native currencies like the ruble, yuan, rupee, real, and rand read more Indian External Affairs Minister S Jaishankar said Brics bloc is not looking to create a rival to the US dollar. File image/Reuters Brics nations have no plans to weaken the US dollar, Indian External Affairs Minister S. Jaishankar said on Saturday (December 7). "The idea that Brics is aiming to undermine the dollar is misplaced. Our…
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