Tag: CBDC

The Reserve Bank of India (RBI) is set to introduce its wholesale central bank digital currency (CBDC), the Digital Rupee-Wholesale, in the call money market by October. The CBDC is expected to make the call money market more efficient by reducing transaction costs and settlement risk. The RBI is also conducting a pilot project for the retail CBDC, which is a digital version of the Indian rupee. The retail CBDC is expected to be rolled out in the coming months.