The USD/INR price continued rising on Tuesday as the US dollar index (DXY) staged a comeback ahead of the upcoming US consumer inflation (CPI) data. It jumped to a high of 82.42, the highest level sin...
Tag: Rupee
India tests offline functionality of digital rupee
The Reserve Bank of India (RBI) is testing the offline functionality of its newly-launched central bank digital currency (CBDC), the digital rupee, according to Ajay Kumar Choudhary, the executive dir...
Macro tailwinds favor the Indian rupee to pound
The British pound pulled back against key developed and emerging market currencies after the relatively encouraging UK inflation data. The GBP/INR price retreated to the psychological level of 100, wh...
India’s Central Bank Reveals 50,000 Users and 5,000 Merchants Now Using Digital Rupee – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), has revealed that 50,000 users and 5,000 merchants are now using its central bank digital currency (CBDC). Digital rupee transactions are current...
India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50K users
The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago. India’s recently launched CBDC pilot has amassed 50,000 u...
Reliance Retail accept digital rupee at one store
Reliance Retail, one of the largest retail chains in India, has made an announcement stating that they have begun taking the digital rupee at one of their shop lines and have plans to roll out the imp...
Indian retail giant Reliance will be accepting CBDC digital rupee – Cryptopolitan
One of the largest merchants in India has announced that it would enable consumers to make payments using digital versions of the Indian rupee called digital rupee. During the period in which it is be...
India’s Billionaire Showcases Digital Rupee – Trustnodes
Anand Mahindra, an Indian billionaire and a board member of the Reserve Bank of India, bought some pomegranates from a street vendor by paying with Digital Rupee. The payment itself was straight forwa...
Rupee forms a double-top pattern
The USD/INR exchange rate soared to a record high in 2022 as the Federal Reserve and the Reserve Bank of India (RBI) delivered hawkish interest rate decisions. It rose to a high of 83, which was about...
RBI Executive Director Backs Digital Rupee as India Pushes For CBDC
Altcoin News Choudhary argues that the pressing strategic requirement may be met with digital money. CBDC would give people what they wanted while protecting consumers as per the exec. At a session ti...
Digital Rupee Will Wipe Out All The Black Money, Claims RBI Official
Ajay Kumar Choudhary, executive director of the Reserve Bank of India, stated at an interactive session on “Digital Rupee: A Way Forward” that the introduction of digital currency would significantly ...
India’s digital rupee falls flat as low volumes blight trial run
Several Indian news outlets have reported on the lack of interest in the digital rupee. The Hindu Business said it offers no discernible difference with “internet-based banking that users were already...
The RBI Is Getting Its Digital Rupee Ready
The Reserve Bank of India (RBI) has unveiled its new pilot program that will see various consumers testing out the latest version of its digital rupee. A CBDC (central bank digital currency), the digi...
RBI announces the launch of its first retail digital rupee pilot program
On October 31, 2022, the Reserve Bank of India issued an official press release regarding their plans to introduce the digital Rupee. In accordance with that, the institution has now formally launched...
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then e...
India to Commence Pilot Program for Its Retail Digital Rupee on December 1
The Reserve Bank of India (RBI), the nation’s central bank, announced today it will be commencing the first pilot for its retail digital rupee on Thursday, December 1, 2022. The initiative was first d...
Indian Digital Rupee Set to Launch This Week With Four Banks
The Indian digital rupee retail pilot is set to launch on Dec 1 with four banks in four cities. What does the crypto community have to say? According to a press release from India’s central bank- The ...
India to Roll Out Retail Digital Rupee Pilot Program in December
India has plans to later integrate the digital rupee with the existing bank apps and services. Following the successful testing of the wholesale digital rupee (e-rupee), India is ready to launch the ...
RBI Launches Much-Anticipated Digital Rupee Pilot For Wholesale Segment ⋆ ZyCrypto
Advertisement     India’s much anticipated Digital Rupee has been launched for the wholesale segment on a pilot basis. The use case for Digital Rupee in wholesale will...
India’s Reserve Bank To Launch Digital Rupee Pilot
The Reserve Bank of India (RBI) has announced it is set to launch a digital rupee pilot as early as the 1st of November. The bank had announced its digital rupee project back in February 2022. Accordi...
The RBI Could Issue a Digital Rupee Soon
The Reserve Bank of India (RBI) is considering the release of a new digital version of the rupee, the national currency of India. The RBI Could Soon Unveil the Digital Rupee In a document explaining t...
RBI declares its pilot project of Digital Rupee with CBDC
In October 2022, the Reserve Bank of India issued an official concept note to Central Bank Digital Currency (CBDC) regarding tips and guidelines for creating the intended digital currency. The prime p...
Indian Central Bank RBI Begins First Digital Rupee Pilot Today – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transa...
Will India’s Digital Rupee Drive Economic Repression?
The Reserve Bank of India (RBI) will launch a wholesale pilot of its digital rupee on Nov. 1, 2022, to make interbank settlements more efficient, with plans for a retail Central Bank Digital Currency ...
India to Test Viability of Digital Rupee to Cut Fees When Trading Securities
The Reserve Bank of India (RBI) is launching a wholesale pilot program involving its Central Bank Digital Currency (CBDC) also dubbed the Digital Rupee. According to a Press Release published by the a...
India’s RBI announces pilot launch of ‘Digital Rupee’ for ‘specific use cases’
The Reserve Bank of India, India’s central bank, has notified that its central bank digital currency (CBDC) pilot project will commence tomorrow. Earlier this month, the RBI announced the pilot of Dig...
RBI Drop Final Date For Pilot Launch Of Digital Rupee
The Reserve Bank of India (RBI), after much anticipation, finally announced the date for the pilot launch of the Digital Rupee. The Central bank has also identified nine major banks that will be comme...
Reserve Bank of India to reportedly launch digital rupee pilot in November
The Reserve Bank of India (RBI) is on track to debut a central bank digital currency (CBDC) after announcing its digital rupee project in February. The central bank of India will launch the digital ru...
India’s central bank starts digital rupee pilot
The Reserve Bank of India (RBI) will debut a pilot for its central bank digital currency (CBDC) targeting the wholesale segment, the bank announced on Monday. India is one of the countries with the hi...
The rupee continues to trade lower against the greenback; What’s next?
Indian rupee ended at a fresh record low The Indian rupee closed the day on Wednesday at a new record low concerning the US dollar. The USD/INR climbs above 83 for the first time in history as the unr...
India’s Digital Health Ecosystem Is An Unparalleled Opportunity
The Indian healthcare system is a remarkable phenomenon in many ways. Boasting one of the largest social health programs in the world, in addition to incredible research and development facilities, th...
Concept Note Outlines The Roadmap To Digital Rupee
Advertisement     On October 7 2022, the Reserve Bank of India (RBI) released a concept note to create awareness of Central Bank Digital Currencies (CBDC) in general a...