E-rupee worth over ₹130 crore in circulation: Sitharaman

[ad_1] File photo of Union Finance Minister Nirmala Sitharama | Photo Credit: PTI Digital or e-rupee worth over ₹130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on March 13. The Reserve Bank of India (RBI) had launched pilots in digital rupee in the wholesale segment […]

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Explained | RBI’s new pilot project on coin vending machines 

[ad_1] For representative purposes only | Photo Credit: Getty Images The story so far: RBI Governor Shaktikanta Das had stated during the last Monetary Policy Committee (MPC) address that the apex banking regulator, in collaboration with banks, would be launching a pilot project to assess the functioning of a QR-code based coin vending machine. What […]

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Pilot for retail digital rupee to begin on December 1

[ad_1] Image for representation purpose only. | Photo Credit: Getty Images The Reserve Bank of India (RBI) on November 29 announced that the first pilot for the retail version of the digital Rupee (e₹-R) would be introduced on December 1, 2022. It may be recalled that the RBI had on October 31 indicated that the pilot […]

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RBI to soon launch e-rupee on pilot basis for limited use

[ad_1] “As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time” “As the extent and scope of such pilot launches expand, RBI will continue to communicate about the specific features and benefits of e-rupee, from time to time” […]

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