![Explained: What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot project?](https://cdn.newsserve.net/ONPglobe256.png)
Explained: What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot project?
The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.
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