RBI to launch first pilot of retail digital rupee in 4 cities including in Bhubaneswar on Dec 1

The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.

Reserve Bank of India

The Reserve Bank will launch the first pilot for retail digital rupee (e?-R) in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, and later expand it to nine more cities in the initial phase.

This follows a month after the RBI had started a pilot in the digital rupee - wholesale segment on November 1.