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The RBI’s reported moves towards encouraging India’s BRICS partners to link their digital currencies with the RBI’s own Central Bank Digital Currency (CBDC) are sensible but one that could pose some risks. According to news reports, the RBI has recommended to the Centre that a proposal connecting the CBDCs of the BRICS countries be made…
Read More “Building bridges: On Central Bank Digital Currency and BRICS” »
He said India has been making efforts to tackle the challenge of the high cost of remittances. Kolkata: Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more jurisdictions to make a material impact on…
Read More “India In Talks With More Jurisdictions On Cross-Border Payments: RBI” »