Bringing efficiency in cross-border payments among motivations behind wholesale digital Rupee: Govt

Reserve Bank of India (RBI) has launched pilots in the Digital rupee in both wholesale and retail segments. The first pilot in the Digital Rupee -Wholesale segment (eRs- W) was launched on November 1, 2022. Further, the first retail digital Rupee (eRs-R) pilot was launched on December 01, 2022.

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