India to go slow on digital rupee rollout, track global cues

• India plans a cautious approach to its digital rupee (CBDC) rollout, observing global developments.
• The country is monitoring CBDC frameworks in the UK and Europe, aiming to align its strategy with major economies.
• Cross-border transactions are a key focus, requiring international coordination for the digital rupee's full value.
• RBI is conducting pilot programs for both retail and wholesale digital rupee, testing various use cases.
• Privacy for low-value transactions, comparable to physical cash, is under deliberation between RBI and government.