Tag: digital rupee
FM Sitharaman pushes RBI to sharpen digital rupee as tokenisation takes off
Finance Minister Nirmala Sitharaman on Friday urged the Reserve Bank of India to further advance its wholesale and retail digital rupee pilots as adoption of…
India, Russia explore digital currency payments for trade in cross-border breakthrough
India and Russia are working on a mechanism to use digital currencies for bilateral trade settlements, potentially opening a new route for faster and more…
RBI to explore CBDC pilot in cross-border transactions
Mumbai: The Reserve Bank will explore the use of CBDC in cross-border transactions besides expanding the digital rupee to more direct benefit transfer schemes and…
India’s digital currency push targets its leaky welfare system
PHULENAGAR/MUMBAI: In the western Indian village of Phulenagar, Samadhan Sonawane set up a drip irrigation system on his small onion farm using digital currency issued…
RBI proposes linking BRICS’ digital currencies, sources say
India’s central bank has proposed that BRICS countries link their official digital currencies to make cross-border trade and tourism payments easier, two sources said, which…