The Prime Minister Dr. Manmohan Singh will today informally meet with leaders from Brazil, Russia, China and South Africa, which collectively form the BRICS nations, before the G-20 Summit beginning in St. Petersburg this evening. Our correspondent, covering the Summit reports that these nations are to set their own agenda for the larger summit of G-20.The five emerging economies had agreed in Durban in March this year to create a 100-billion dollar currency reserve fund to help similar countries and poor states in easing their short-term liquidity pressures and keeping their financial stability. The process,however, may take months on account of difficult details that need to be ironed out,Division of capital, payment of capital, location of the bank and the bank's management are some of the issues that have to decided.BRICS partners are concerned about the US Federal Reserve’s plans to start tapering its liquidity injection programme. Brazil’s Real and India’s Rupee which fell to more than 68 to a Dollar last week, weakened the most. Brazil was forced to announce a 60 billion dollar intervention to prop up liquidity. The Rupee has lost over 20 percent year to date, the Real declined 15.5 percent, South Africa’s Rand 18.07 percent and, the Rouble 3.95 percent.