E-Rupee Launch: Shaktikanta Das RBI Governor Miss Inflation Targeting Reply to RBI Letter from Govt ; FICCI’s Banking Conference

Shaktikanta Das, RBI Governor,E-Rupee,

Reserve Bank of India , Shaktikanta Das RBI Governor on Wednesday said the launch of the e-rupee is a landmark moment in the history of the country’s currency and will revolutionize the way business is done.

Speaking at FICCI’s banking conference – FIBAC 2022, Edin Das mentioned that the retail portion of the central bank digital currency (CBDC) trial is likely to be launched by the end of this month.

Financial stability is not mutually exclusive with price stability and sustainable growth: Das.

Transparency will never be compromised by RBI’s letter to Ms Govt on inflation targeting: Das.

In his address to Indian bankers, Das said that price stability, sustainable growth and financial stability are not mutually exclusive. He also pointed out that transparency will not be compromised in any way by not disclosing the RBI’s letter to the government that the inflation target has been missed.

This is a developing story. More to follow

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