The Reserve Bank of India (RBI) is set to broaden the reach of its digital rupee pilots by introducing new use cases and ...

The Reserve Bank of India (RBI) is working on the launch of India’s CBDC, the Digital rupee. Digital Rupee, also called E-Rupee, denominated as e₹ or eINR, is a tokenised digital version of ...

The Indian CBDC is part of a pilot project, with the retail e-rupee having been launched in December 2022, following the introduction of its wholesale version. India-UAE CBDC Collaboration ...

Commonly known as the digital rupee, it will be exchangeable at par with existing currencies and will be considered acceptable for payments and a safe store of value. Also being called the e₹ or ...

India has taken a big step in this direction with Digital Rupee or Central Bank Digital Currency (CBDC) vision. Cash being in short supply and digital payments the new norm, the Reserve Bank of ...

If the e rupee becomes a popular mode of digital payments it would pave the way for other crypto currency to become legit. E-rupee could be a game changer in monetary system which has is opaque ...

The digital rupee would be in the form of a digital token that represents legal tender, the RBI said. It would be issued in the same denominations that paper currency and coins are currently issued.

This assurance was necessary since anonymity will be the principal differentiator between the digital rupee and other forms of payments such as UPI, NEFT, IMPS etc. The central bank will issue ...