RBI Expands Digital Rupee Pilot, Targets Global CBDC Partnerships

The Reserve Bank of India (RBI) is accelerating its digital rupee pilot program with new features designed to enhance adoption and financial inclusion. The RBI is introducing programmability and offline capabilities to the digital rupee pilot, aiming to make it more flexible for everyday transactions. Additionally, the RBI is pursuing global CBDC collaborations to reduce cross-border transaction costs and elevate India’s currency’s global standing.