Reserve Bank Of India Launches Digital Currency – Analysis

By Vinod Rai*

While presenting the Budget for 2022-2023, Finance Minister Nirmala Sitharaman declared that India’s central bank, the Reserve Bank of India (RBI), will issue a digital rupee, or a central bank digital currency (CBDC), in early 2023. The CBDC has finally come to India with the start of the pilot phase of the...