Union Commerce Minister Piyush Goyal, addressing the inaugural session of the BRICS Business Forum 2026, urged member nations to link their payment systems and trade more in local currencies. He said BRICS cooperation would generate jobs, wealth and prosperity for a bloc representing half the world's population and 40% of global GDP, reinforcing the group's push for de-dollarisation and stronger intra-bloc trade.

On the sidelines of the BRICS Summit, Prime Minister Narendra Modi and Chinese President Xi Jinping welcomed steady progress in India-China ties. Modi said peace and tranquillity in the border areas remain essential for the development of bilateral relations. Xi described India and China as key Global South countries carrying significant responsibilities, signalling continued efforts to normalise relations after recent tensions.

Public sector bank employees announced a series of strikes despite the government putting the performance-linked incentive (PLI) scheme on hold. Unions called a nationwide strike on September 11, another on September 28-30, and an indefinite strike from October 26. The action reflects unresolved disputes over pay-linked incentives and staffing in public sector banks.

The Securities and Exchange Board of India (SEBI) on September 12 proposed changes to the Closing Auction Session (CAS), market timings and the settlement methodology for derivatives contracts. It offered two options for expiry-day settlement prices, including a 'Blended VWAP' drawing on the last 30 minutes of continuous trading and the 10-minute CAS. SEBI invited public comments on seven proposals by October 3, 2026.