Are India & BRICS Rejecting US Dollar?

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A banknote was launched by Russia during the 16th BRICS Summit held in Kazan, which sparked a major global controversy. The United States believes that India, along with other BRICS nations, is planning to replace the US Dollar as the global currency. The claim is that these nations are rejecting the US Dollar, and so far, potentially 14 countries have shown readiness to adopt this BRICS currency to break the US monopoly.
Naturally, the US is not happy about this, especially with India. The tension escalated because, just six months before this, India reportedly began doing something that the US considers a grave offense. In June 2024, the prominent US think tank, The Atlantic Council, published a report exposing India. According to the report, the Reserve Bank of India (RBI) has been stockpiling a significant amount of gold since 2017.
In fact, in 2024, India became the world’s second-largest gold buyer. Essentially, between 2023 and 2024, the RBI's gold purchases increased fourfold within just one year. This is massive! For ordinary citizens like us, this might seem like just another piece of news. But for the US, this is considered a serious offense.