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CBDC pilot programmes for CPs, CDs likely: RBI governor Shaktikanta Das
The Reserve Bank of India (RBI) may start a pilot programme for the wholesale segment of Central Bank Digital Currency (CBDC) in commercial papers (CPs) and certificates of deposits (CDs), said Governor Shaktikanta Das on Monday. Das said the daily retail transaction volume of CBDC through interoperability with the United Payments Interface (UPI) has reached one million a day but retail users continue to show a strong preference for the UPI. He said a more extensive volume of transactions is required to fully grasp the broader economic impact of CBDC, particularly on monetary policy and the banking sector. Das added ... (full story)