AFTER GOVERNMENT SECURITIES, the Reserve Bank of India (RBI) is planning to extend the use of Central Bank Digital Currency (CBDC) to the call money market, an official said Tuesday. "RBI is now planning to go to interbank borrowing market (with CBDC), specifically call money market," he said.
The central bank plans to use CBDCs as tokens for call money settlement, he said.
India's CBDC or e-rupee is currently in a pilot phase across the retail and wholesale segments. RBI has set a target of one million transactions a day by the end of 2023.
For settlement of government bond transactions, the use of CBDC was allowed from November last year. For bonds, the CBDC was used in account format, he said, adding that in wholesale CBDC, experimenting with technology is easier as the users and kinds of transactions are limited.
Diese Geschichte stammt aus der September 06, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der September 06, 2023-Ausgabe von Financial Express Mumbai.
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