MUMBAI: A Reserve Bank of India (RBI) appointed committee on Wednesday has recommended a roadmap to achieve internationalisation of rupee including efforts for inclusion in the International ...

Cryptocurrency exchange WazirX will look to integrate India’s central bank digital currency (CBDC) “if all goes well,” vice president Rajagopal Menon told Forkast in a video interview on ...

Digital Rupee: Where Things Stand Today The Reserve Bank of India (RBI) launched the retail CBDC pilot (e₹-R) with the goal of exploring digital currency use among individuals and businesses.

3. Banks provide the digital rupee app, where one can convert INR from linked bank accounts to digital rupees and start transacting using scan codes. 4.

It is the legal tender issued by a central bank in digital form. India’s CBDC is called ‘e₹’, and it can be exchanged one-for-one for fiat currency as it is a digital form of rupee.

MUMBAI (Reuters) - The Reserve Bank of India will soon commence limited pilot launches of a central bank backed digital rupee for specific use cases, it said in a concept paper released on Friday.

Finance minister Nirmala Sitharaman on Monday said that digital e-rupee worth over INR 130 crore is in circulation on a pilot basis as of February 28, according to a PTI report. In a written reply ...

The RBI will soon kick off a limited pilot launch for the e-rupee. The “CBDC holds a lot of promises by way of ensuring transparency, and low cost of operation among other benefits and the ...