 "e-rupee, digital currency")
On November 1, India joined the league of 50 countries that are in an advanced stage of exploring digital currency — either in the process of developing it or ready to launch pilot projects or have already launched it.
The Reserve Bank of India (RBI) kicked off the first pilot project of the central bank digital currency (CBDC), or e-rupee, for the wholesale segment with secondary market trades in government bonds.
On Day 1, nine banks were involved in buying and selling bonds worth Rs 275 crore in the secondary market using CBDC. The overall trading volume was Rs 20,865 crore on
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