BRASILIA (Reuters) - The five BRICS countries have not discussed coordinated forex intervention in global markets, but it is an idea "worth thinking about," Reserve Bank of India (RBI) deputy governor Urjit Patel told Reuters on Tuesday.
The leaders of the five top emerging market economies agreed on Tuesday on a landmark deal to create a $100 billion development bank and a reserves fund of the same size to challenge Western dominance over global finances.
When asked if the BRICS could at some point jointly intervene in forex markets to ease turbulence, Patel said it "is a point worth thinking about but it has not been discussed."
(Reporting by Alonso Soto)
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