- The government of India and the Reserve Bank of India (RBI) are considering introducing a digital rupee.
- The digital rupee would be a digital version of the physical rupee currency.
- It is expected to bring about big changes in the financial sector in India.
- The digital rupee would be more convenient and faster to use compared to physical currency.
- It could also potentially reduce the risk of counterfeiting.
- The government and RBI are still in the process of deciding on the specifics of the digital rupee.