digital rupee Archives

India considers offline functionality of CBDC: RBI

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8 March, 2023

India considers offline functionality of CBDC: RBI

Reserve Bank of India Executive Director Ajay Kumar Choudhary said that since the CBDC will have all features of physical...

Reserve Bank of India: CBDC will not replace other payment methods despite initial successes

Business

Wahid Pessarlay

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3 March, 2023

Reserve Bank of India: CBDC will not replace other payment methods despite initial successes

RBI's Deputy Governor Rabi Sankar assured that existing payment services in India will remain and that exploring use cases of...

India in ‘no hurry’ for CBDC development despite notching huge milestones

Business

Wahid Pessarlay

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12 February, 2023

India in ‘no hurry’ for CBDC development despite notching huge milestones

India’s digital rupee pilot already had over 50,000 users and 5,000 merchants, but despite the impressive numbers, the Reserve Bank...

India: Reliance Retail to accept CBDC payments soon—here’s all you need to know

Business

Anjali Kochhar

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8 February, 2023

India: Reliance Retail to accept CBDC payments soon—here’s all you need to know

V Subramaniam, Director of Reliance Retail, said that accepting digital currency at their stores aligns "with the company's strategic vision...

RBI governor warns next financial crisis will come from privately run digital currencies

Business

Wahid Pessarlay

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24 December, 2022

RBI governor warns next financial crisis will come from privately run digital currencies

Instead of speculative coins, RBI Governor Shaktikanta Das says CBDCs will address the growing 'cryptoization' of the economy while providing...

India’s central bank to launch retail CBDC pilot in December

Business

Wahid Pessarlay

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25 November, 2022

India’s central bank to launch retail CBDC pilot in December

A number of commercial banks will participate in the project with RBI noting that each financial institution will test the...

India to explore if digital rupee can reduce government securities trading fees

Business

Wahid Pessarlay

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3 November, 2022

India to explore if digital rupee can reduce government securities trading fees

The Reserve Bank of India expects the digital rupee would “pre-empt the need for settlement guarantee infrastructure or for collateral...

Tech

Wahid Pessarlay

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24 October, 2022

Developers skilled in blockchain tech are in short supply globally: study

The world is facing a manpower crunch of developers knowledgeable in the blockchain space, with India working to address the...

India central bank tests e-rupee to stifle digital assets effects

Business

Wahid Pessarlay

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12 October, 2022

India central bank tests e-rupee to stifle digital assets effects

One of the reasons the RBI explores the possibilities of a CBDC is its potential to improve cross-border payments while...

Business

Wahid Pessarlay

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25 August, 2022

India presses ahead with CBDC pilot run on wholesale business

The adoption of CBDCs in India will be conducted in phases on FY 2022-2023, beginning with wholesale businesses, as the...

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Business

Wahid Pessarlay

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26 July, 2022

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Ajay Kumar Choudhary stated that the RBI would leverage the Union Budget 2022-23 that gives legal backing to the CBDC...

Reserve Bank of India deputy gov confirms 2023 launch for CBDC

Business

Wahid Pessarlay

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15 June, 2022

Reserve Bank of India deputy gov confirms 2023 launch for CBDC

T. Rabi Sankar's statement echoes the RBI's revelation in its annual report released earlier this month, where it said it...

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