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The Reserve Bank of India (RBI) is the central bank of India and is responsible for regulating the country’s monetary policy and issuing currency, including the digital rupee. A digital rupee is a type of electronic currency that can be used for online transactions and other financial activities. It is a digital version of the Indian rupee, the country’s official currency, and can be used in a similar way as traditional physical currency.
The RBI has not yet announced any plans to issue a digital rupee, so it is not currently available for use. However, there has been some discussion about the potential benefits and challenges of introducing a digital rupee, such as increased convenience and security for financial transactions, as well as potential risks related to cyber attacks and financial stability. It is important to note that the RBI has not made any official announcements about the development or implementation of a digital rupee, and any information about a digital rupee should be treated with caution.
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