Why India Wants the E-Rupee to Move Beyond Borders

Why India's e-Rupee Could Go Global

India is transitioning its domestic e-rupee initiative from a controlled digital payments experiment into a strategic instrument aimed at reshaping cross-border trade, remittances, and tourism flows. The central bank-backed digital rupee, issued by the Reserve Bank of India (RBI) and tested in parallel retail and wholesale pilots, is increasingly framed as a sovereign settlement rail rather than a mere payment rail. As policymakers weigh connect…

Why India Wants the E-Rupee to Move Beyond Borders

India is exploring cross-border use of the e-rupee to reduce payment costs, improve trade settlement efficiency and expand the rupee’s global role.