MarketsLet's get digital: India edges toward 'e-rupee'
RBI plans pilot testing, but analysts say uptake could be slow
India's central bank says a digital currency will bring advantages such as cutting the cost of cash management for the country. (Source photo by AP)
SAYAN CHAKRABORTY, Nikkei staff writer
October 19, 2022 11:30 JST
BENGALURU -- India has started rolling out plans for a digital rupee, joining a wave of countries pushing to make payments and other transactions more efficient through similar steps. But analysts and observers warn uptake could be slow in a nation that has traditionally been heavily dependent on cash.