India's RBI Enhances Digital Rupee for Cross-Border Transactions

India's RBI Enhances Digital Rupee for Cross-Border Transactions

The Reserve Bank of India (RBI) is intensifying its efforts to enhance the digital rupee (e₹), focusing on cross-border applications and new functionalities, as detailed in its Annual Report for FY2024–25. This strategic pivot aims to bolster the e₹'s role in international settlements, despite current challenges in domestic adoption. Cross-Border Expansion and Strategic Initiatives The RBI is exploring both bilateral and multilateral frame...

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