When was India's Central Bank Digital Currency e-Rupee launched?

India's Central Bank Digital Currency, the e-Rupee, was launched on December 1, 2022.

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merchants in the five cities of Mumbai, New Delhi, Bengaluru, Bhubaneswar and Chandigarh.

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The RBI has said that it plans to launch a full-fledged CBDC in the coming years.

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The e-Rupee will be a digital token that represents legal tender and will be issued by the RBI.

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It will be available in both wholesale and retail segments.

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The wholesale CBDC will be used for large value transactions between banks and financial institutions.

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The retail CBDC will be used by individuals and businesses for everyday transactions.

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The RBI has said that the e-Rupee will help to improve financial inclusion,

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make payments more efficient and secure, and reduce the cost of cash transactions.

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It will also help to promote digitalization in the economy.

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