The Reserve Bank of India (RBI) today announced that the retail digital rupee will be launched on December 01, 2022, on a pilot basis. The central bank has identified eight banks for phase-wise participation in this trial. The retail digital rupee will be in the form of a digital token that represents legal tender. The […]
RBI’s proposed digital rupee: 10 things to know
After setting up a working group to study the possibility of a Central Bank Digital Currency( CBDC) in India in 2020, the RBI released a conception note on digital rupee(e-rupee) on 7th October 2022. The Government of India had also blazoned the launch of a CBDC in its 2022 Union Budget. According to the RBI […]