What is Digital Rupee that RBI is going to launch tomorrow for wholesale segment?
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RBI announced that it will begin a pilot launch for the first Central Bank Digital Currency (CBDC) - Digital Rupee from November 1, 2022. The first Digital Ruppe pilot will be in the Wholesale segment said the RBI. CBDC is going to be a medium of payment and a legal tender for all citizens, governments, businesses and others issued by the central bank. CBDC only has a digital form just like the money you have on your digital wallets.