New era dawned for global commerce in July 2025 as BRICS nations announced an agreement to settle trade in Indian rupees, unanimously reached at the 17th BRICS Summit in Rio de Janeiro, Brazil. This bold move is a remarkable development in the evolving world economy and marks a strategic shift in how leading nations conduct cross-border trade, challenging the century-old dominance of the US dollar. The decision, entailing nuanced realities of multipolar geopolitics and economic pragmatism, is destined to shape international finance, trade flows, and political alliances for years to come.
