Intentar ORO - Gratis
E-rupee in circulation jumps to ₹1,016 crore in previous fiscal
Millennium Post Kolkata
|Kolkata 30May2025
RBI EXPLORING CROSS-BORDER CBDC PILOTS
MUMBAI: The value of central bank digital currency (CBDC) or e-rupee in circulation jumped to Rs 1,016 crore at the end of March 2025 from Rs 234 crore in the year-ago period, the Reserve Bank said on Thursday.
The RBI is exploring the commencement of CBDC pilots on cross-border payments, it said in the annual report without giving a timeline.
The CBDC was first introduced in November 2022 initially with a wholesale pilot, which was followed up with a retail one as well. Simplifying cross-border payments was one of the stated advantages of the CBDC, which had to be introduced in face of the challenge to the currency system from non-fiat virtual currencies like Bitcoins.
"...the Reserve Bank is exploring commencement of CBDC pilots on cross-border payments both on bilateral and multilateral basis to overcome key challenges related to turnaround time, efficiency and transparency," it said.
Esta historia es de la edición Kolkata 30May2025 de Millennium Post Kolkata.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Millennium Post Kolkata
Millennium Post Kolkata
Asha Bhosle-RD Burman: Musical love story
Their professional partnership started with “Teesri Manzil’ in 1966
1 min
April 13, 2026
Millennium Post Kolkata
Mcap of eight of top-ten cos jumps ₹4.13 lakh crore
HDFC Bank, ICICI Bank emerged as biggest gainers
1 mins
April 13, 2026
Millennium Post Kolkata
Iranians left disappointed but defiant after failed talks
HIGH-STAKES TALKS WERE HELD IN PAKISTAN
2 mins
April 13, 2026
Millennium Post Kolkata
Pak to receive $5 bn Saudi, Qatar support
Cash-strapped Pakistan is set to receive $5 billion in financial support from Saudi Arabia and Qatar, providing a critical buffer for its fragile external position, according to a media report on Sunday.
1 min
April 13, 2026
Millennium Post Kolkata
RBI raps forex players, maintains firm stance to defend currency
A senior Reserve Bank of India (RBI) official has criticised foreign-exchange market makers for worsening pressure on the rupee during recent Middle East tensions, as the central bank maintains a firm stance to defend the currency.
1 min
April 13, 2026
Millennium Post Kolkata
China sets up new county in Xinjiang near PoK, Afghan border
China has set up a new county in its volatile Xinjiang province near Pakistan-occupied Kashmir (PoK) and the Afghanistan border in an apparent move to beef up security along the narrow Wakhan Corridor to curb infiltration of Uyghur separatist militants.
1 min
April 13, 2026
Millennium Post Kolkata
Cummings free-kick seals late win for Mohun Bagan against Punjab FC
A dramatic late free-kick from Jason Cummings capped a pulsating contest as Mohun Bagan Super Giant returned to winning ways with a 3-2 victory against Punjab FC in Indian Super League here on Sunday.
1 min
April 13, 2026
Millennium Post Kolkata
Foreign investors pull out ₹48,213 cr in 10 days of April
Sell-off follows a record outflow of Rs 1.17 lakh cr (about $12.7 billion) in March, worst monthly exodus on record
1 mins
April 13, 2026
Millennium Post Kolkata
Irish PM announces fuel tax cuts to stop protests
OVER SOARING PUMP PRICES
1 mins
April 13, 2026
Millennium Post Kolkata
Biggest challenge is limited access to justice, not lack of laws, says CJI
‘MERE EXISTENCE OF JUSTICE NOT SUFFICIENT’
2 mins
April 13, 2026
Listen
Translate
Change font size