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e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot

The pilot project for central bank digital currency (CBDC) in the retail segment went live on Thursday with the Reserve Bank of India (RBI) issuing Rs 1.71 crore to four participating banks based......

First pilot of retail digital rupee in 4 cities on Dec 1

The Reserve Bank will launch the first pilot for retail digital rupee in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, and later expand it to nine more cities in the initial phase.......

e-Rupee: An Idea Whose Time Has Come?

The RBI refuses to classify cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation.There is also no consumer protection,......

RBI prevented complete collapse of economy: Das

RBI Governor Shaktikanta Das on Wednesday defended the Reserve Bank's handling of the price situation, saying acting prematurely on inflation would have exerted a heavy cost on the economy and......

RBI to launch first pilot of digital rupee on Tuesday

India's first digital rupee pilot project will commence on Tuesday with nine banks, including SBI, HDFC Bank and ICICI Bank, issuing the virtual currency for transactions in government securities.......

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