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A Move of RBI That Could Lead To Digital Currency In India

India’s central bank is opening its balance sheet to the public. Retail investors will have online access to the government bond market via investment accounts with the Reserve Bank. As the government’s investment bank, the RBI manages institutional buying and selling in gilt securities. Skepticism is high about “Retail Direct” because previous attempts at bringing public debt to the masses haven’t gone anywhere.

Source- NDTV

Link: https://www.ndtv.com/business/opinion-an-rbi-move-that-could-lead-to-digital-currency-in-india-2367143?ref=incourt

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