Economic Buzz: RBI Announces Launch Of First Pilot For Retail Digital Rupee on December 01

29 Nov 2022 , 04:59 PM

The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e&8377;-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI had launched the first pilot in the digital rupee – wholesale segment. Announcing the operationalisation of Central Bank Digital Currency – Retail (e&8377;-R) Pilot, the RBI said the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants.Powered by Commodity Insights