India: RBI Considering ‘Phased Introduction’ of Digital Rupee

India’s central bank is mulling launching a pilot program for a CBDC. RBI Working Toward Phased Implementation of CBDC The Reserve Bank of India (RBI) is contemplating kick-starting a “phased implementation strategy” for a central bank digital currency (CBDC), The Economic Times reports. Specifically, RBI deputy governor – T Rabi Sankar recently said that a