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India’s digital rupee trial raises hopes of cheaper digital transactions
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The RBI concept note said a digital rupee could provide citizens with “a convenient, electronic form of central bank money".
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NEW DELHI - India’s digital rupee,
Still, analysts said that any large-scale adoption of the digital currency would depend on multiple factors, from increasing digital literacy to ensuring anonymity in transactions as is the case with physical notes, and convincing people to use the e-rupee amid multiple digital payment options, including e-wallets.
