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Home » Digital Rupee Pilot
News Update

Digital Rupee Pilot

RBI to soon start pilot launch of Digital Rupee for specific use cases
News DeskBy News Desk9 October 2022No Comments1 Min Read
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The central bank-backed digital rupee for specified use cases will shortly be launched in limited quantities as a pilot project by the Reserve Bank of India.

The RBI said it has been researching the advantages and disadvantages of a central bank digital currency for some time and is developing a plan to roll it out gradually.

The RBI noted that use cases for an e-rupee are being looked at in a way that causes little to no disturbance to the financial system.

The Indian government had announced in February that a digital rupee would be introduced throughout this fiscal year.

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