Bharat Express

Digital Rupee

Forex traders said the rupee is likely to trade with a slight negative bias amid risk aversion in global markets.

The Reserve Bank of India announced the launch of the first pilot for retail digital Rupee on 1 December 2022. This comes after the apex bank stated on October 31 that the pilot would commence in a month’s time. The digital rupee would be in the form of a digital token that represents legal tender, …