RBI Unveils Plans to Expand Digital Rupee for Global Adoption

India’s central bank is taking its digital rupee initiative a step further with plans to expand features and facilitate cross-border transactions. The Reserve Bank of India (RBI) has outlined its strategy in the 2024–25 Annual Report, highlighting the next phase of the digital rupee will leverage learnings from ongoing pilot programs. These pilots, for both retail and wholesale segments, have already yielded significant results with a substantial surge in circulation value. The report confirms the RBI is actively exploring the use of its CBDC for international transactions through bilateral and multilateral platforms.