The Reserve Bank of India is trying to increase the use of central bank digital money, or e-rupee, for a wider range of wholesale transactions, The Economic Times reported, citing a source.

RBI to expand e-rupee's scope, include more wholesale transactions: Reports

India's central bank RBI will launch the country's first pilot for a retail e-rupee on December 1st (Tuesday). The e-rupee will be the Reserve Bank of India's version of the central bank digital currency (CBDC) and will cover select locations and would be available to a closed user group to start with.

RBI to launch India's first pilot for retail digital currency, e-rupee, on December 1

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RBI to expand e-rupee's scope, include more wholesale transactions: Reports

RBI to launch India's first pilot for retail digital currency, e-rupee, on December 1