Indian Central Bank RBI to Adopt Graded Approach for Launching CBDC

  • Reserve Bank proposes to adopt a graded approach to the introduction of CBDC. CBDC will conform to the existing objectives of monetary policy, financial stability, etc.
  • According to a report from the Hindustan Times, the Reserve Bank of India on May 27, 2022, proposed to adopt a graded approach for the launch of the central bank digital currency.
  • The Reserve Bank is engaged in the introduction of a central bank digital currency in India.