RBI to launch first pilot for digital Rupee on Dec 1, to be tested in 4 cities initially

The digital rupee is finally becoming a reality as the Reserve Bank of India (RBI) has announced the launch of it. The RBI says the e-Rupee would be in the form of a digital token that will represent legal tender. It will first be launched on a pilot basis for retail. However, it won’t be available to all retail…

What is digital rupee and how will it help bolster India’s economy

In a landmark moment, the Reserve Bank of India (RBI) rolled out India’s first digital rupee pilot project for the wholesale segment on November 1. It will launch a similar trial on the retail side soon. The digital rupee (e₹) is also known as Central Bank Digital Currency (CBDC). It is a digital form of…