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The Reserve Bank of India’s (RBI’s) pilot project for its Central Bank Digital Currency trades in sovereign bonds has gained steam, with volumes registering an almost double-fold increase so far this week.
The RBI launched the pilot for trading in the secondary market for government bonds using its CBDC – or the wholesale ‘e-rupee’- on November 1.
According to data provided by the Clearing Corporation of India Ltd (CCIL), the CBDC bond trades last week averaged at Rs 287.5 crore on a daily basis. So far in the current week, the trades have averaged 99 per cent higher at Rs
