The Reserve Bank of India (RBI) is looking at introducing its wholesale version of Central Bank Digital Currency (CBDC) or the digital rupee in the interbank borrowing or call money market within a month, the central bank’s Executive Director Ajay Kumar Choudhary said on Sunday.
“We are going to start the pilot on wholesale CBDC use in interbank borrowing this month or early next month,” Choudhary said while speaking at the RBI’s Innovation Pavillion at the G20 Leaders’ Summit venue.
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