Q. Which institution has initiated a pilot programme for wholesale digital rupee in call money market?
Answer:
RBI
Notes: The Reserve Bank of India (RBI) initiated a pilot program for the wholesale segment of its central bank digital currency (CBDC) in the interbank call money market.
As per media reports, nine banks, including four public sector banks and five private sector banks, are participating in the e-rupee call money pilot. This is the second use case of testing wholesale CBDC, the first being the government securities market introduced in November last year.