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Indian Central Bank on Track To Launch Retail CBDC Pilot Next Month

The Reserve Bank of India (RBI), the country’s central bank, is finalizing the rollout of the retail digital rupee pilot, the Economic Times of India (ETI) reported on Nov. 19.

The RBI initiated the wholesale central bank digital currency (CBDC) pilot on Nov. 1 to test its usage in settling transactions in government securities. At the time, the RBI had said that the retail digital rupee pilot would be launched within a month.

(By Monika Ghosh)

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