Reserve Bank of India Prepares to Initiate Wholesale Digital Rupee in Call Market

  • RBI aims to implement the wholesale Central Bank Digital Currency (CBDC), also known as the Digital Rupee-Wholesale (e-W), in the call money market within a month.
  • Nine specific banks have been chosen for this pilot CBDC project.
  • Other digital initiatives by RBI, including CBDC, UPI One World, and Bharat Bill Payment System, are showcased at the G20 Summit.
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