RBI unveils features of digital rupee, plans to launch pilot soon

The CBDC shall appear as a liability on the central bank's balance sheet

The Reserve Bank of India (RBI) is exploring the possibility to launch its own digital currency or digital rupee (eRe) with minimal disruption to the financial system. It is working on a phased implementation of central bank digital currencies (CBDCs) through various stages of pilots, followed by the final launch.

“The RBI has also been exploring the pros and the cons of the introduction of CBDCs for some time, and is currently engaged in working towards a phased implementation strategy, going step by step through various stages of pilots, followed by the final launch, and simultaneously examining use cases for