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Friday, February 3, 2023

India to Test Digital Rupee in 4 Cities With 4 Banks

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The Reserve Bank of India will start testing its retail central bank digital currency (CBDC), the digital rupee, in Mumbai, New Delhi, Bengaluru and Bhubaneswar with the initial participation of four banks, including the State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank, the central bank announced Tuesday.

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