The Reserve Bank of India (RBI) has initiated a pilot program for the wholesale segment of its central bank digital currency (CBDC) in the interbank call money market Nine banks, including four public sector banks and five private sector banks, are participating in the e-rupee call money pilot. In the call money market, banks engage in short-term borrowing and lending activities among themselves, with interest rates determined by prevailing market conditions. The operational process for the e-rupee pilot remains the same, except for the settlement, which will now be carried out using the CBDC instead of the real-time gross settlement used in trades on the Clearing Corp of India Limited (CCIL). The settlements will be in T+0 mode, indicating that trades will be settled on the same day.
Which microorganism among the following causes Cholera?
Which mutual fund has successfully raised over Rs 3,400 crore through its new fund offer for the India Manufacturing Fund?
Which of the following is Asia’s oldest and the world’s third oldest football tournament?
Which one among the following statements regarding ‘human development' is not correct?
An International Museum Expo was organized in May in New Delhi to celebrate the 47th International Museum Day. What was the theme of the International M...
What is the branch of biology under which tissues are studied?
Which of the following Articles is related with Fundamental Duties?
Was the first president of the Rajya Sabha
Consider the following statements regarding the Himalayas.
1. The Himalayas play a very significant role in influencing the climate of India. ...
In which of the following work the drone is not used in Agriculture sector?