RBI’s digital rupee trial could begin by December

 

 

Digital currencies are the future of money and India is not wasting any more time to embrace them legally. In this regard, the Reserve Bank of India is set to launch its pilot trial run of digital rupee by December, 2021. Reserve Bank of India (RBI) has been doubling down on its efforts to launch a central bank digital currency (CBDC) or what could be known as a digital rupee in the coming future. It is decleared by RBI Governor Shaktikanta Das in a interview . This is announced by RBI Governor Shaktikanta Das in an interview. He also said that Now, RBI is studying various aspects of a digital currency including its security, impact on India’s financial sector as well as how it would affect monetary policy and currency in circulation.