Explained: Why RBI is launching e-rupee in India

E-rupee to launch on 1 Dec: RBI's rationale behind currency and what experts think Four banks including SBI and ICICI will participate in the launch of the Central Bank Digital Rupee (CBDC) which will initially cover four cities — Mumbai, New Delhi, Bengaluru and Bhubaneswar. While some experts remain cautious about the concept, others are downright enthusiastic The Reserve Bank of India has announced it will launch its e-rupee for retail customers on 1 December. Four banks including SBI and ICICI will participate in the launch of the Central Bank Digital Rupee (CBDC) which will initially cover four cities —…