BRICS FMs' meeting kicks off in New Delhi

The BRICS foreign ministers' meeting, themed "Building for Resilience, Innovation, Cooperation and Sustainability," kicked off on Thursday in New Delhi, India.

The two-day meeting reflects a strong commitment to strengthening multilateralism and advancing inclusive development.

India officially assumed the BRICS chairmanship from Brazil on Jan 1, 2026.

Under the chairmanship, India "will work together to strengthen multilateralism, promote sustainable development, enhance economic resilience and build a more inclusive world order," Indian Prime Minister Narendra Modi said in a Facebook post on Thursday.

BRICS FMs' meeting kicks off in New Delhi

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 14 pips to 6.8415 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 6.8415 against USD Friday