The notion of launching digital rupee doesn't make much sense to me. We already have UPI (for small retail transactions), NEFT and RTGS for higher value. Then exactly what value is this new technology bringing is very ambiguous.
I am yet to find any government circular explaining the merits of it. Ex RBI director Raghuram Rajan opposes it saying that it will give un-necessary edge to Public Sector (Govt owned) Banks and private banks (arguably more efficient) will lose out.
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