 "CBDC, Central bank digital currency")
With commercial banks still in the process of developing technology to trade through Central Bank Digital Currency (CBDC), it may take two to three years for large-scale adoption of the digital rupee, according to a senior official from Clearing Corporation of India (CCIL). In addition, trading via CBDC has limited benefits.
CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee. This includes both outright purchases and repurchase agreements (repos). According to the official, while trading in CBDC, the settlement takes place transaction by transaction, while the net settlement takes
