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Central Bank Digital Currency (CBDC) in India is called e₹ (e-Rupee) and is a digital form of legal tender issued by RBI.
- True
- False
Answer: True
e₹ (e-Rupee) is India's CBDC, a digital token representing sovereign currency issued by RBI. Two types: retail (e₹-R) for public transactions via wallets, and wholesale (e₹-W) for interbank settlements. Built on distributed ledger technology but centrally managed. Aims to reduce cash dependency, enhance payment efficiency, and foster innovation.