RBI To Start Trail For First Digital Currency Trail Programme By Dec

In an attempt to digitise the Indian Rupee, India is likely to start the first digital currency trail programmes by the end of 2021, said the RBI's governor Shaktikanta Das. The currency is basically the digital version of hard currency and would be called central bank digital currencies. Under the trial, the RBI will study various aspects such as its security, impact on the financial sector, and Monetary policy.