Govt, RBI in discussion with South Asian countries for cross-border rupee trade: Shaktikanta Das

New Delhi:L

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.

“For UPI, we have already entered into agreements with countries in this region, for example, with Bhutan and other countries like Nepal and we are trying to provide the UPI facility to make cross-border payments much easier in this region.