"Aim To Increase E-Rupee Transactions To 10 Lakh Per Day": RBI Deputy Governor

At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.

RBI Deputy Governor T Rabi Sankar on Tuesday said the RBI is aiming to increase the number of Central Bank Digital Currency (CBDC) to 10 lahks per day by the end of 2023.

At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.

He said the CBDC interoperability with UPI systems announced in the June 2023 monetary policy review will be a reality by the end of this month, but underlined the need for more banks to join the CBDC ecosystem.