India's central bank proposes a plan to create digital-currency link among BRICS nations

"The Reserve Bank of India's proposal to link digital currencies among BRICS nations may redefine the role of digital currencies in the international financial system. Given BRICS's rapid economic growth, the interoperability of these CBDCs could lead to innovative forms of financial transactions. However, the execution of this plan will require overcoming technical challenges and ensuring policy alignment between countries. If this enhances market liquidity, it could create new opportunities for investors. Strengthening cooperation through digital currencies may have significant implications for the global economy, presenting both uncertainties in the short term and growth potential in the long term."