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India to Test Digital Rupee in Cross-Border Transactions
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India to Test Digital Rupee in Cross-Border Transactions
Why Is India Expanding the Digital Rupee Now? The Reserve Bank of India plans to expand the digital rupee into more welfare payment schemes and test its use in cross-border transactions, according to its 2025-26 annual report. The move comes as India tries to give the e-rupee a clearer role beyond basic retail circulation. The central bank has already tested welfare-linked central bank digital currency pilots during the 2025-26 fiscal year, incl…
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