Background In 2022, the Reserve Bank of India launched the Digital Rupee or e₹ on a pilot basis. It is part of the broad initiative by the Indian government and the RBI to modernise the financial system and enhance financial …
What is the digital rupee? The digital rupee, or the e-rupee, is a central bank digital currency (CBDC) issued by the RBI. It is similar to the physical cash that you hold in your wallet except that the e-rupee is …