India has released an updated report that will discuss every detail of the much anticipated digital rupee. In a recent statement by the Reserve bank in the country, the recently released report will t...
Tag: Rupee
Reserve Bank of India (RBI) Ramps Up CBDC Drive with Digital Rupee Pilot Test – crypto.news
Amid the growing call for central bank digital currency, the Reserve Bank of India (RBI) announced on Friday that it would begin the pilot launch of the e-Rupee for retail transactions. India seeks to...
India’s Central Bank RBI Publishes Digital Currency Details — Confirms Digital Rupee Pilot Launching ‘Soon’ – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), says it will soon commence “limited pilot launches” of the country’s digital currency (digital rupee) for specific use cases. The central bank ex...
India on course with its CBDC project, releases first Digital Rupee concept note
The Reserve Bank of India (RBI) has stepped up its Central Bank Digital Currency (CBDC) project. The RBI has issued a 50-page concept note outlining their CBDC plans. Many countries around the world i...
India’s central bank to launch digital rupee pilot
The Reserve Bank of India (RBI) is stepping towards initiating a digital rupee pilot and indicating key features in the central bank digital currency (CBDC), according to a 50-page report released on ...
India’s central bank outlines digital rupee CBDC plans
India’s Reserve Bank outlined the pros and cons of a digital rupee as it looks to raise awareness around its CBDC project. The Reserve Bank of India (RBI) has outlined the proposed features and reason...
U.S. Dollar Hits Two Decade Peak As Indian Rupee Reached Life-Time Low
33 mins ago | 2 mins read Editors News DXY hit the 114.5 level and touched 2003 high. Sterling recorded an all-time low of $1.0387. The U.S. dollar currency index (DXY) overcame significant opposition...
Dollar Rises Against Indian Rupee and Six Other Peers
The rupee is not exactly in freefall, but the bearish series does show that the Rupee is sliding down every day. To be precise, the Indian currency has crossed ₹81 against the US Dollar to touch the m...
As Rupee, Euro, Yen Collapse in Price, Will Crypto Finally Have Its Day?
The Indian rupee hit a new all-time low on Friday in another turbulent week for the ever devaluing fiat currencies. At the interbank foreign exchange (FX) the rupee opened at ₹81.08 against the dollar...
Reserve Bank of India seeks a ‘phased implementation’ of the digital rupee
On Tuesday, September 20, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said that the country’s central bank is dedicated to fostering innovation for financial technology businesse...
India is about to launch the Digital Rupee- The Cryptonomist
India is scrupulously pursuing Russia’s and China’s policy on cryptocurrencies and is getting help from a number of lending institutions and financial companies to develop what will for all intents an...
According to the RBI, the digital rupee will arrive in the first quarter of 2023.
India bet on the digital rupee and plans to launch it in the first quarter of 2023. The Indian government’s battle against crypto trading has proven that the national authority does not have the power...
The Rupee Dropped 4 Paise to 79.87 Against the USD in Early Trading
As a result of the US currency’s strengthening in the international market, the rupee lost 4 paise in value against the US dollar in today’s starting trading. The rupee depreciated by 4 paise from the...
In Early Trade, Rupee Adds 4 Paise to 79.80 Against USD
The gradual dip in global crude prices is helping economies restabilize. Its most recent effect was witnessed on the INR (Indian Rupee) when the currency gained 4 paise against the US dollar. During e...
Indian Rupee Reflects Recovery; USD/INR May Hit 79.50 Soon
In the early hours of Wednesday, USD/INR recovered from the steady drop to reach the prior support, reaching 79.30 at the time of this writing. By doing so, U. S. dollar gets acknowledgment before rel...
Indian rupee weakness, hitting fresh lows amid global headwinds
Two thousand rupee notes on display with an Indian flag in the background. Manish Rajput | SOPA Images | LightRocket via Getty Images The Indian rupee has come under intense selling pressure due to a ...
USD/INR: USD to rupee forms doji ahead of RBI decision
The USD/INR price formed a long-legged doji pattern as investors waited for the upcoming interest rate decision by the Reserve Bank of India (RBI). The pair rose to a high of 78.98, which was about 1%...
Indian Rupee Drops to Another Record Low as Foreign Funds Exit
(Bloomberg) — The Indian rupee touched another record low as foreign investors continued to sell the nation’s equities. Most Read from Bloomberg The rupee declined to as low as 80.06 per dollar ...
Historic Rupee Low Forecasts Grow as Oil Costs Widen Deficits
(Bloomberg) — The worst is still to come for the Indian rupee after its slide in May to a historic low, according to analysts and forward markets. Most Read from Bloomberg The currency may drop ...
CoinSwitch Kuber launches India’s first crypto rupee index, Economic Times reports
advertisement India’s crypto exchange CoinSwitch Kuber earlier this week introduced its Crypto Rupee Index (CRE8), the first benchmark index to measure the performance of the Indian rupee-based crypto...
India’s First Crypto Rupee Index Launched Amid Regulatory Uncertainty
The Indian Government’s approach towards evolving cryptocurrency industry has been hesitant. The administration is still working to produce the most awaited crypto bill. However, Nation’s digital asse...
RBI to Adopt “Graded Approach” Toward Digital Rupee Launch – crypto.news
The Reserve Bank of India (RBI) is set to adopt a “graded approach” towards the introduction of the central bank digital currency (CBDC) in India, the annual report published on May 27 notes. RBI to T...
India Rupee Falls to Record as Dollar Strength Dents Risk Mood
(Bloomberg) — The Indian rupee fell to a record low as dollar strength dented demand for riskier assets and foreigners continued to dump the nation’s stocks. Most Read from Bloomberg The rupee d...
Prominent Exchange CoinSwitch Kuber Reinstates Rupee Deposit Via Bank Transfer
Exchange News Deposits could be made through could be made via NEFT, RTGS, and IMPS. Crypto exchanges in India ceased allowing deposits over UPI. CoinSwitch Kuber reinstated rupee deposits using the b...
Sri Lankan Rupee Falls to a Historic Low – is Bitcoin an Alternative
The Sri Lankan rupee has hit a historic low as it experiences a tremendous economic and political crisis. At the same time, bitcoin trading volume in the country has been going up. The Sri Lankan rupe...
Multiple Crypto Exchanges in India Freeze Rupee Deposits
25 mins ago | 2 mins read Exchange News Taxes on earnings from the transfer of virtual assets will be taxed from this month. At least four other cryptocurrency trading sites have prohibited rupee depo...
India Crypto Exchanges Restrict Rupee Deposits to Buy Crypto
Indian cryptocurrency exchanges CoinSwitch Kuber and WazirX have banned users from making Rupee deposits to buy cryptocurrencies, Reuters reported. This is a decision that stems from regulatory uncert...
CoinSwitch and WazirX Disable Rupee Deposits via UPI
CoinSwitch Kuber and WazirX disabled cryptocurrency deposits via Rupee (INR) on its app using Unified Payments Interface (UPI). Besides UPI, bank transfers through NEFT/RTGS/IMPS were also disabled. C...
Report: India Has No Plans for a Digital Rupee
Not long ago, it was reported that the Reserve Bank of India (RBI) was planning to not only regulate cryptocurrency, but it would also be unveiling a digital version of the rupee, the official currenc...
Rupee Sinks to Record With Stocks as Ukraine Crisis Boosts Oil
Reuters Videos Drone footage shows ongoing wildfire in South Korea STORY: The government issued a natural disaster alert after a wildfire broke out near the Hanul Nuclear Power Plant in the eastern co...
Digital Rupee Will Strengthen Digital Economy, Revolutionize Fintech – Coinotizia
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new op...