RBI explores offline solutions to boost the adoption of the digital rupee in remote areas
The Reserve Bank of India (RBI) is taking steps to enhance the adoption of its central bank digital currency (CBDC), the digital rupee, particularly in areas with limited internet connectivity. RBI Governor Shaktikanta Das announced plans to introduce offline functionality in CBDC-R to facilitate transactions in remote regions during a Monetary Policy Committee review meeting […]
RBI survey shows households anticipate prices moderating over next 3 months
The Reserve Bank of India(RBI) has released a survey showing that the Indian households anticipate a moderation in inflation over the upcoming months. This anticipation follows a recent surge, primarily in food prices. The RBI research reveals that in a survey spanning from July 1 to July 10, involving 6,025 urban households across 19 major […]
RBI charts new global course in crypto discourse amid India’s G-20 presidency
In an unconventional step, the Reserve Bank of India (RBI) has shared its intent to broaden the worldwide perspective on cryptocurrency, particularly emphasizing its overarching economic impact. The initiative, described in the RBI’s annual report, signals a paradigm shift from examining the isolated implications for individual nations and customers towards a more comprehensive understanding of […]
Is crypto the culprit? RBI governor links U.S. bank crisis to digital currency
The governor of India’s central bank, the Reserve Bank of India (RBI), has raised concerns about the risks posed by cryptocurrencies to the financial system, citing the recent U.S. banking crisis as an example. Speaking at the 17th K P Hormis Commemorative Lecture on Friday, RBI Governor Shaktikanta Das emphasized the need for robust regulators, […]
Watch Digital Indian Rupee (INR) in action
India has remained one of those nations which have worked on CBDCs since their initial pilot programs. Digital Indian Rupee was launched in December 2022 in order to ensure that marginalized people have access to modern banking. The problem with the lower echelons of society is the number of issues that they face when signing […]
India Central Bank Governor’s bold prediction on crypto’s impact on the nation
As the crypto industry continues to expand despite sporadic hiccups, not everyone is on board with the emerging asset class. Governor of India’s central bank, Shaktikanta Das, has forecast that “private cryptocurrencies” will cause the next financial crisis. In addition, when addressing the Business Standard BFSI Insight Summit on Wednesday, Das demanded that these cryptocurrencies […]
Crypto exchanges suffer since 2021, but RBI doesn’t give up
The global crypto market especially crypto exchanges have seen a downturn in value as the gains have lowered. The changes have resulted in the loss of more than half of its value in the global market cap. The changes were not limited to any specific country or market. Instead, they extended to the different parts […]
