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The NDB was created in July 2014 with initial authorised capital of $100 billion.
Russia had banned food imports from countries that had tried to punish Moscow with sanctions.
Temer has been bedeviled by accusations of corruption since he took over from Dilma Rousseff last year.
The two allies are united in their opposition to deployment of anti-missile systems in Asia and Eastern Europe.
India has been concerned by President Trump's reform of the H1B visa system that has traditionally benefited Indian tech firms.
But will the two leaders discuss delicate issues such as the US H1B work visa for Indian tech talent?
The drop in consumer confidence after the ratings downgrade is bad for the economy as it reduces domestic demand.
Moscow will now track US-led coalition air craft as "targets" if they operate west of the Euphrates River.
The Department of Defense has promised to deliver a South Asia strategy by mid-July.
The annual BRICS summit will be hosted by China in the coastal city of Xiamen in September.
