e₹-R: RBI Announces Retail Pilot Of Digital Rupee Starting December 1
By Mohammed Kudrati The Reserve Bank of India today announced that it was launching the pilot of the digital rupee for retail (e₹-R) starting December 1. This pilot will be launched within a closed section of users and will be usable in all forms like cash. This pilot will specifically test the strength of the digital rupee's creation, distribution and retail usage in real time. This pilot would form the basis of future pilots. As promised, the RBI is launching this pilot a month after it launched the pilot for the e₹-W - the wholesale version of the digital rupee, where the selected banks wil...