09-07-2023 08:03 PM | Source: Reuterss
India digital rupee transactions tracking below target - source
News By Tags | #248 #126 #92

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.