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Nalezeno "rupee": 117

RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks

30.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then expand to cover nine more cities across India. RBI Picks 8 Banks, 13 Cities to Test Retail...

CBDC: Indian Central Bank Begins Digital Rupee Pilot

1.11.2022
The Reserve Bank of India (RBI), the country’s central bank, has started a pilot program of its digital currency today, in cooperation with nine banks. It also released a Concept Note on Central Bank Digital Currency (CBDC) for India. Bloomberg reported that “several lots of bonds were traded,”...

RBI declares its pilot project of Digital Rupee with CBDC

1.11.2022
In October 2022, the Reserve Bank of India issued an official concept note to Central Bank Digital Currency (CBDC) regarding tips and guidelines for creating the intended digital currency. The prime purpose of this concept note was to serve both the wholesale and retail sectors in terms...

Indian Central Bank RBI Begins First Digital Rupee Pilot Today

1.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...

The rupee continues to trade lower against the greenback; What’s next?

30.10.2022
Indian rupee ended at a fresh record low The Indian rupee closed the day on Wednesday at a new record low concerning the US dollar. The USD/INR climbs above 83 for the first time in history as the unrelenting decline in the Indian rupee’s value relative to the United States dollar continues....

India's Central Bank Plans to Launch Digital Rupee CBDC

9.10.2022
The Reserve Bank of India (RBI) will soon launch pilot tests for its upcoming digital rupee in a bid to increase awareness around its Central Bank Digital Currency (CBDC). The country's central bank announced the news on Friday, detailing that the digital rupee will be available for specific...

RBI’s Concept Note on CBDC to Begin the Pilot Launch of e-rupee

7.10.2022
The Reserve Bank of India has issued a concept note on Central Bank Digital Currency (CBDC) with the instructions to launch its pilot project of the e-rupee. This is being done to generate a general perception of such a form of currency. Secondly, bringing about a certain amount of familiarity...

Dollar Rises Against Indian Rupee and Six Other Peers

26.9.2022
The rupee is not exactly in freefall, but the bearish series does show that the Rupee is sliding down every day. To be precise, the Indian currency has crossed ₹81 against the US Dollar to touch the mark of ₹81.54. This is the third straight session in which the national currency has gone down....

After the Dollar Index Reaches 110, the Indian Rupee May Open Slightly Lower

5.9.2022
After the dollar index reached a new 2-decade high on Monday, it’s possible that the Indian rupee could start the day somewhat down against the greenback. In contrast to the previous session’s finish of 79.7950, the rupee is expected to open between 79.84 and 79.86 against the dollar....

The Rupee Dropped 4 Paise to 79.87 Against the USD in Early Trading

24.8.2022
As a result of the US currency’s strengthening in the international market, the rupee lost 4 paise in value against the US dollar in today’s starting trading. The rupee depreciated by 4 paise from the earlier estimate to 79.87 at the interbank foreign exchange from its opening price...

In Early Trade, Rupee Adds 4 Paise to 79.80 Against USD

22.8.2022
The gradual dip in global crude prices is helping economies restabilize. Its most recent effect was witnessed on the INR (Indian Rupee) when the currency gained 4 paise against the US dollar. During early trade, INR reached 79.80 against the USD at the interbank foreign exchange. Some of the best...

Indian Rupee Reflects Recovery; USD/INR May Hit 79.50 Soon

17.8.2022
In the early hours of Wednesday, USD/INR recovered from the steady drop to reach the prior support, reaching 79.30 at the time of this writing. By doing so, U. S. dollar gets acknowledgment before releasing the Federal Open Market Committee (FOMC) minutes of the meeting, consolidating the recent...

Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments

7.8.2022
A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with...

India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit

6.7.2022
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...

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