According to CoinMeta, Indian Minister of Commerce and Industry Piyush Goyal officially announced that India does not support the plan to establish a BRICS currency. This statement was released one month before the 18th BRICS Summit, which is set to take place from September 12 to 13, 2026, indicating that this topic will not be discussed. Goyal stated that India will continue to use the US dollar for trade and plans to enhance the international status of the Indian rupee. This move means that the concept of a BRICS currency will be put on hold, as the Indian government is not interested in this topic.