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E-rupee News

11 Sep 2023

RBI, Banks Plan New Features To Boost Digital Currency, e-rupee, Soon

Retail CBDC transactions are averaging close to 18,000 a day, way short of the RBI's one million-a-day target by 2023 end. The features include allowing digital rupee transactions when a customer is offline and linking the e-rupee to India's popular Unified Payments Interface (UPI), three of the people quoted above said.

08 Feb 2023

RBI Digital Rupee: E-Rupee to be Piloted by 5 More Banks in 9 More Cities Soon

The CBDC is expected to make the inter-bank market more efficient and settlements in e-rupee can reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk.

14 Jan 2023

Cryptocurrencies are equivalent to gambling: RBI Governor

Crypto currencies are equivalent to gambling: RBI Governor. Those supporting it call it an asset or a financial product, but there is no underlying value in it, he added. To counter the growth of cryptocurrencies, the central bank recently launched in pilot mode, its own e-rupee or central bank digital currency (CBDC).

04 Nov 2022

Explained: What is Digital Rupee and what RBI wants to achieve through this?

RBI rolled out the first pilot in the Digital Rupee, or e-rupee, in the wholesale segment for government securities on November 1. The RBI said that it will follow up on the wholesale e-rupee pilot with a similar trial on the retail side this month itself. The RBI has termed the launch of the central bank digital currency (CBDC) as a landmark moment in the history of currencies in the country.

01 Nov 2022

RBI to launch nation`s first digital rupee pilot project today

In a statement, the central bank said that it will "soon commence pilot launches of Digital Rupee (ea,) for specific use cases. Accordingly, the first pilot in the Digital Rupee - Wholesale segment (ea,-W) shall commence on November 1, 2022".

07 Oct 2022

RBI to soon launch pilot e-rupee for specific use cases

The Reserve Bank will soon commence pilot launches of e₹ for specific use cases. As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e₹, from time to time

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