10-07-2022 04:26 PM | Source: Reuters
India's RBI to soon commence pilot project of digital rupee
The Indian central bank 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.
The Reserve Bank of India has been exploring the pros and cons of a central bank digital currency for some time and is currently engaged in working towards a phased implementation strategy, it said.
Use cases are being examined for an e-rupee in a way that there is minimal or no disruption to the financial system, the RBI added.
In February, the Indian government had said that a digital rupee will be launched during the course of the current financial year.
Latest News
SAIL inks pact with Administrative Staff College of ...
NSE clocks 57 pc surge in net profit at Rs 3,137 cro...
Sell Johnson Controls-Hitachi Air Conditioning Ltd ...
Kartik Aaryan mobbed by fans at Mumbai?s Gaiety Gala...
Sarbananda Sonowal inaugurates key infra projects to...
B?town divas Kriti Sanon, Dhanashree Verma spotted a...
Kartik Aryan spotted in Mumbai
Rollover Analysis Report - November-2024 by Religare...
Neutral TVS Motor Company Ltd For Target Rs.2,610 By...
Buy SBI Life Insurance Ltd For Target Rs.2,100 By Mo...