India’s retail CBDC project in its final stages and will undergo pilot testing in December

India is reportedly in the final stages of its retail central bank digital currency (CBDC) project. The Reserve Bank of India (RBI) is about to conduct a pilot of the digital rupee, which is expected to start next month. The Economic Times of India reported that the RBI is in the final stages of the rollout of the retail central bank digital currency also known as digital rupee or e-rupee. People knowledgeable about its development revealed that the CBDC will be interoperable with the countrys present forms of payment systems. The RBI is currently in preparations to conduct the retail...


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