Business Standard

India digital rupee transactions hits 18,000 a day, still below target

The central bank last year began pilot programmes to use the e-rupee in retail and wholesale markets as an alternative to cash

Imaging: Ajay Mohanty

Imaging: Ajay Mohanty

Reuters MUMBAI

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Transactions in the Indian digital rupee are averaging close to 18,000 a day, a source directly familiar with the matter said on Thursday, well below the target of hitting a million transactions a day by year-end.

The source declined to be identified as he is not authorised to speak to the media.

The central bank last year began pilot programmes to use the e-rupee in retail and wholesale markets as an alternative to cash.

The RBI did not immediately respond to Reuters' email.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 07 2023 | 6:46 PM IST

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