The plans to release the digital rupee are in sync with the RBI’s objective to overcome the risks and uncertainties of private currencies. Photo credit: Reuters The digital rupee is the digital or ...

India is on the verge of a significant shift in its digital economy as the government considers a major decision on ...

Indian officials believe its CBDC, the Digital Rupee, is better than cryptocurrencies. Reports claim India might consider ...

The digital rupee will only go as far as the efforts of the private sector to encourage its usage | Photo Credit: da-kuk The ongoing pilot project of the Central Bank Digital Currency (CBDC), also ...

India's finance minister has said the country will launch a digital version of the rupee as early as this year. In her annual budget speech, Nirmala Sitharaman also outlined plans for a 30% tax on ...

The Reserve Bank of India has started a pilot project of digital currency e-Rupee between itself and all other banks in India. Known as Central Bank Digital Currency (CBDC), the digital rupee (e ...

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The RBI also said that the first pilot of digital rupee for the retail segment is planned for launch within a month in select locations The central bank said that the use case for the wholesale ...

The digital rupee will lower the reliance on cash In net banking, there are cash-to-cash transactions with a payment fee. The use of digital currency won't incur any fees.

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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.