Reserve Bank of India Releases Concept Note on Central Bank Digital Currency

The Reserve Bank of India has on 7th October 2022 released a Concept Note on Central Bank Digital Currency (CBDC) for India. The purpose behind the issue of this Concept Note is to create awareness about CBDCs in general and the planned features of the Digital Rupee (e₹), in particular. It explains the objectives, choices,…

India’s Federal Bank Teams Up With Ripple For International Payments

As of early January 2019, Ripple had announced that it surpassed 200 partners as it adds 13 financial institutions as customers for its payment network, RippleNet. Ripple consolidating traditional financial markets is an interesting use case for blockchain for the real world. Federal Bank in India has partnered with blockchain payments company Ripple to facilitate…

RBI buys 200 tonnes of gold from IMF

The International Monetary Fund said on Monday it sold 200 tonnes of gold to the Reserve Bank of India for $6.8 billion, quietly executing half of a long-planned bullion sale that had threatened to slow gold’s rally. While the IMF’s plan to sell some of its gold holdings had been flagged for a year before…