Back ই-রুপি Bengali/Bangla Digitaalinen rupia Finnish डिजिटल रुपया Hindi எண்ணிம ரூபாய் Tamil డిజిటల్ రూపాయి Tegulu
 | This article needs to be updated. (June 2023) |
 Logo of Digital Rupee  Digital Banknotes and Coins | |
| ISO 4217 | |
|---|---|
| Code | INR (numeric: 356) |
| Subunit | 0.01 |
| Unit | |
| Unit | Rupee |
| Symbol | e₹ |
| Denominations | |
| Subunit | |
| 1⁄100 | paisa |
| Symbol | |
| paisa |  |
| Banknotes | |
| Freq. used | e₹2, e₹5, e₹10, e₹20, e₹50, e₹100, e₹200, e₹500, e₹2,000 |
| Coins | |
| Freq. used | 50e, e₹1 |
| Demographics | |
| Date of introduction | |
| User(s) |  India |
| Issuance | |
| Central bank | Reserve Bank of India |
| Website | www |
| Printer | |
| Website | |
| Valuation | |
| Inflation |  5.02% (October 2023)[4] |
| Source | RBI – Annual Inflation Report |
| Method | Consumer price index (India)[5] |
| Pegged with |  Indian Rupee (at par) |
| Value | USD $1 = e₹83.23 EUR €1 = e₹90.22 INR ₹1 = e₹1.00 CNY ¥1 = e₹11.78 (16 November 2023) |
The Digital Rupee (e₹)[6] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC).[7] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022.[8] Digital Rupee is using blockchain distributed-ledger technology.[9]
Like banknotes it will be uniquely identifiable and regulated by Central Bank. Liability lies with RBI. Plans include online and offline accessibility.[10] RBI launched Digital Rupee for Wholesale (e₹-W) catering to financial institutions for interbank settlements and Digital Rupee for Retail (e₹-R) for consumer and business transactions.[11] The implementation of the Digital Rupee aims to remove the security printing cost borne by the general public, businesses, banks, and RBI on physical currency which amounted to ₹49,848,000,000.[12] [4984.8 X1,00,00,000 = ~5000 Crores]
- ^ Suvarna, Manish M. (9 November 2022). "G-sec transactions using digital rupee recorded highest volume since inception on November 7". Moneycontrol. Retrieved 8 December 2022.
- ^ Ray, Anulekha (6 December 2022). "RBI retail digital rupee pilot starts: Who can use e-Rupee?". The Economic Times. Retrieved 8 December 2022.
- ^ Mishra, Ankur (1 February 2022). "Budget 2022: Digital Rupee to be issued by RBI in FY23". TimesNow. Retrieved 15 December 2022.
- ^ "Instant View: India's retail inflation eases to 5.02% in September". Reuters. 12 October 2023. Archived from the original on 12 October 2023. Retrieved 12 October 2023.
- ^ "Annual Report : Inflation, Money and Credit". Reserve Bank of India. 27 May 2021. Retrieved 6 November 2022.
- ^ Cite error: The named reference
:0was invoked but never defined (see the help page). - ^ "The e₹ is on the way as RBI gears up for a pilot launch of its own digital currency". Moneycontrol. 10 October 2022. Retrieved 3 November 2022.
- ^ Delhi, PIB (12 December 2022). "PIB press release". pib. Retrieved 31 July 2023.
- ^ Anand, Nupur (7 December 2022). "India cenbank says digital currency transactions to stay largely anonymous". Reuters. Retrieved 5 January 2023.
- ^ Bhardwaj, Shashank. "India's Central Bank Plans Graded Implementation Of CBDC". Forbes India. Retrieved 3 November 2022.
- ^ Delhi, PIB (12 December 2022). "PIB press release". pib. Retrieved 31 July 2023.
- ^ Kaushal, Teena Jain (1 November 2022). "RBI's Digital Rupee pilot launch today: Here are 10 things to know". Business Today. Retrieved 4 November 2022.