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Digital Rupee

Digital Rupee: Reserve Bank can launch digital rupee in call money market by October

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Digital Currency: RBI will use the bulk of digital currency in the call money market, this is the plan

New Delhi: The Reserve Bank of India (RBI) may introduce digital rupee on an experimental basis for transactions in interbank lending or call money market by October. Central Bank Executive Director Ajay Kumar Chaudhary said this recently. The wholesale central bank digital currency (CBDC), known as Digital Rupee-Wholesale (E-W), was launched on November 1, 2022. … Read more

This bank made a big announcement regarding Digital Rupee, started a new service

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This bank made a big announcement regarding Digital Rupee, started a new service

IDFC First Bank made an important announcement to increase the trend of digital rupee. The bank said that it has integrated its Central Bank Digital Currency (CBDC) app with the UPI QR code. IDFC First Bank said in a statement that it is part of the Reserve Bank’s CBDC initiative for retail users. In such … Read more