According to sources involved in the pilot project, the usage of India's central bank digital currency (CBDC) digital rupee has dropped significantly, to one-tenth of the peak in December 2023. The Reserve Bank of India (RBI) initially incentivized banks and distributed a portion of salaries in digital currency to achieve a daily retail transaction volume of 1 million transactions for the digital rupee. However, after these incentives ended, the daily transaction volume dropped to around 100,000, indicating a lack of organic demand. The central bank is currently focused on testing technology and developing use cases, with no immediate plans for rapid expansion.