RBI Likely To Launch India's Own Digital Currency In Phases

Deputy Governor of Reserve Bank of India (RBI), T Rabi Sankar, said that the central bank was considering to lunch India's own digital currency in a phased manner, backed by sovereign so that the country can reiterate its position in the payment system field. Sankar also hinted that the RBI's stand on private cryptocurrencies remains unchanged and that if everything is successful, India will enter a new digital era.