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The latest from the 10th Amendment Movement: Second Amendment Preservation Act, Defend the Guard, Rejecting CBDC, Financial privacy - and more.

Soon, offline transactions can be conducted using the RBI's Digital Rupee. The Reserve Bank of India (RBI) has stated that its Central Bank Digital Currency (CBDC) can be used offline in its RBI monetary policy meeting.

The Reserve Bank of India-led Monetary Policy Committee (MPC) has announced its decision to retain the repo rate at 6.5 per cent for the sixth time in a row. With a majority of 5:1, the MPC has chosen to stay focused on keeping the withdrawal of accommodation stance unchanged.

The CBDC Retail (CBDC-R) pilot currently allows for Person to Person (P2P) and Person to Merchant (P2M) transactions using Digital Rupee wallets provided by selected banks. Now, the RBI plans to expand its use cases by introducing programmability, which will allow government agencies to ensure payments are made for specific benefits, while letting companies allocate funds for expenses such as business travel.

India Business News: The RBI has announced offline transactions for Digital Rupee, its Central Bank Digital Currency (CBDC). Find out what this new move means and how it enhances accessibility and usability of the CBDC-R.