New Delhi: RBI Governor Shaktikanta Das on Friday said the government and the central bank are in discussion with South Asian countries to have cross-border trade in rupee.
He also said the central bank digital currency (CBDC) is in trial phase and the RBI is moving very carefully and cautiously on digital rupee launch.
After the successful launch of the wholesale pilot, the Reserve Bank of India (RBI) on December 1, last year, began its retail CBDC pilot project.
In his keynote address at an IMF conference here, Das said with global trade outlook for 2022-23 overcast, greater intra-regional trade in the South Asian region can enhance opportunities for growth and employment.
“At the central bank level a key dimension for cooperation has been learning from each other on common goals and challenges… Rupee settlement of cross-border trade and CBDC, where the RBI has already started moving forward, can also be areas of greater cooperation in future,” Das said.