economy1 min read
RBI Reports Milestone: Digital Rupee (e₹) Hits 10 Million Daily Transactions
The Reserve Bank of India (RBI) announced that the Central Bank Digital Currency (CBDC), or Digital Rupee, has reached a record 10 million daily transactions in January 2026.
Key Points for Quick Revision
- Digital Rupee (e₹) reached 10 million daily transactions in January 2026.
- Interoperability with UPI QR codes acted as a major catalyst for growth.
- e₹-R (Retail) and e₹-W (Wholesale) are the two main versions of the CBDC.
- Future plans include offline transaction features for better accessibility.
Practice Questions
Q1. What does CBDC stand for in the context of RBI's Digital Rupee?
- Central Bank Digital Credit
- Core Banking Digital Currency
- Central Bank Digital Currency
- Common Banking Digital Cash
Explanation: CBDC stands for Central Bank Digital Currency, which is a digital form of fiat currency issued by the central bank.
Q2. Which feature is being planned by RBI to increase Digital Rupee adoption in remote areas?
- Voice-activated payments
- Offline transaction capability
- Biometric-only payments
- Crypto-exchange integration
Explanation: RBI is working on offline transaction capabilities to allow the use of Digital Rupee in areas with limited or no internet connectivity.