• 11 Sep

    RBI to Introduce Wholesale CBDC in Call Money Market by October

    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.