India digital rupee transactions tracking below target

7/09/2023 8:03:43 PM | Source: Reuterss

India digital rupee transactions tracking below target - source

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Transactions in the Indian digital rupee are averaging close to 18,000 a day, a source directly familiar with the matter said on Thursday, well below the target of hitting a million transactions a day by year-end.

The source declined to be identified as he is not authorised to speak to the media.

The central bank last year began pilot programmes to use the e-rupee in retail and wholesale markets as an alternative to cash.

The RBI did not immediately respond to Reuters' email.

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India digital rupee transactions tracking below target - source

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