News

Just-In: India To Launch E-rupee For Public Use On This Date

India took a step forward in using CBDC by pilot launching the Digital Rupee/ E-rupee (e₹-W) for the wholesale segment.
Published by
Just-In: India To Launch E-rupee For Public Use On This Date

The Reserve Bank of India took a step forward in using CBDC by pilot launching the Digital Rupee (e₹-W) for the wholesale segment. However, the Indian Central banks have dropped an estimated date for the launch of the Digital Rupee for the retail segment.

Advertisement

E-rupee gets a hit launch

As per reports, the Central Bank of India is seeking to launch the trial of e-rupee for the retail sections by this month. However, the pilot launch of e-rupee for the wholesale segment turned out to be successful so far. The selected banks traded ₹275 crores of bonds using the new form of currency on Day 1 of the launch.

A report stated that RBI has selected nine major banks to roll out the pilot launch of E-rupee. It highlighted that the use case of the Indian CBDC will be a settlement of secondary market transactions in public securities.

It added that RBI Chief Shaktikanta Das at a banking conclave said that E-rupee launch is a landmark moment in the history of India. The new currency will transform the way business is done in the country.

Advertisement

CBDC, A new way for India

The conclave was organised by the Indian Banks’ Association (IBA) and the Federation of Indian Chambers of Commerce and Industry (FICCI).

RBI Chief highlighted that the central bank is looking to resolve all aspects of Central Bank Digital Currency (CBDC) before its full fledge launch. However, India’s monetary policy committee (MPC) will meet outside scheduled meetings to discuss inflation target miss.

Earlier, Coingape reported that the Indian Finance Minister has pointed out the eight priority areas for G20 discussions. Crypto regulations and their impact are on the list. India will be urging the nations to put a collective effort into making rules around digital assets.

Advertisement
Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Will Crypto Market Rebound or Crash Ahead as 10X Research Tips Shorting Ethereum?

Bitcoin, Ethereum, XRP, and other altcoins tumbled amid the latest crypto market crash. Over $1.2…

October 31, 2025
  • News

Sam Bankman-Fried Says FTX Was “Never Bankrupt,” Crypto Community Reacts

Sam Bankman-Fried (SBF) team on Friday revealed an estimated $136 billion in petition-date holdings of…

October 31, 2025
  • News

XRP ETF Coming This November 13 As Canary Capital Submits Updated S-1 By Removing Roadblocks

Asset manager Canary Capital has submitted an updated S-1 filing to bring its spot XRP…

October 31, 2025
  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025
  • News

CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have entered…

October 31, 2025
  • News

Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days

The U.S. Senate committee is set to release an updated draft of the Crypto Market…

October 30, 2025