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India to Start Retail CBDC Pilot in Four Cities With Four Banks

The Reserve Bank of India will start testing its retail central bank digital currency (CBDC), the digital rupee, in Mumbai, New Delhi, Bengaluru and Bhubaneswar with the initial participation of four banks: State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank, it announced Tuesday.

(By Amitoj Singh)

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