Digital Rupee Adoption Lagging Behind RBI Targets
- Transactions in Indian digital rupee averaging 18,000 per day, below target of 1 million per day by year-end
- RBI began pilot programs last year to use e-rupee in retail and wholesale markets
- E-rupee intended as alternative to cash
- RBI did not respond to request for comment
- Reporting indicates e-rupee adoption tracking below RBI's hoped-for target