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Tag: Digital Rupee

  • Indian Market

By the end of January, 50,000 people will be using CBDCR.

Meena@fastura.com2 years ago04 mins

The Central Bank Digital Currency (CBDC­Retail or e­R) has gained popularity after a sluggish beginning. By the end of the month, there will be 50,000 CBDC­R users, up from 16,000 at the moment. On December 1, the Reserve Bank of India began an eR pilot experiment. The digital money is doing fairly well, according to…

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  • Indian Market

Launching pilot of digital rupee today RBI

Meena@fastura.com3 years ago02 mins

The Reserve Bank of India, the pilot for the wholesale use of the digital rupee will start on Tuesday. The trial would involve using the digital rupee to settle secondary trades in government securities, which should improve the efficiency of the interbank market. Settlement in central bank money would lower transaction costs by avoiding the…

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