Tag: Central Bank Digital Currency

NEW DELHI: The RBI is likely to launch the pilot of central bank digital currency (CBDC) for transactions for interbank borrowing or call money market by October, the regulator's executive director Ajay Kumar Choudhary said on Sunday on the sidelines of the G20 Leaders' Summit here. The pilot of the wholesale CBDC, known as the digital rupee-wholesale (e-W), was launched in November 2022, with the use case being limited to the settlement of secondary market transactions in government securities.The RBI picked nine banks for its pilot project for...