e-rupee bond trade volumes up 2-fold in 2nd week
Business Standard|November 10, 2022
The Reserve Bank of India's (RBI's) pilot project for its Central Bank Digital Currency trades in sovereign bonds has gained steam, with volumes registering an almost double-fold increase so far this week.
BHASKAR DUTTA Mumbai, 9 November
e-rupee bond trade volumes up 2-fold in 2nd week

The RBI launched the pilot for trading in the secondary market for government bonds using its CBDC - or the wholesale 'e-rupee¹- on November 1.

According to data provided by the Clearing Corporation of India Ltd (CCIL), the CBDC bond trades last week averaged at ₹287.5 crore on a daily basis. So far in the current week, the trades have averaged 99 per cent higher at ₹572.5 crore.

Trades worth 530 crore were struck on Monday using the CBDC while those worth ₹615 crore were carried out on Wednesday the highest so far. The total regular trade volume in government securities was at ₹25,435 crore on Wednesday.

In the previous week, the number of trades struck on a daily basis averaged about 45. That number, too, has gone up sharply this week, with 69 trades being struck on Monday followed by 68 trades on Wednesday. The bond market was shut on Tuesday on account of Guru Nanak Jayanti.

هذه القصة مأخوذة من طبعة November 10, 2022 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 10, 2022 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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