According to the RBI, it wants office space with a size of 2,601 to 7,681 square metres, for which it has issued a Request for Proposals (RFP) for "outright purchase of office premises" in Mumbai.
India Business News: The Reserve Bank of India (RBI) on Friday kept key interest rates unchanged and the monetary policy panel vowed to persist with an easy stance as long.
“We are evaluating the issue of scope, technology, distribution and validation mechanism etc.” Sankar said. Earlier in July, Sankar had said that RBI is working toward a “phased implementation strategy” of CBDC in India where a pilot to test a general-purpose digital currency is a possibility in the near future.