The value of retail central bank digital currency in circulation saw a significant drop of 24.08 percent in 2025-26. Despite this, the Reserve Bank of India continued pilot use cases. Initiatives included direct benefit transfers and public distribution system subsidies. The RBI also explored asset tokenisation and cross-border payment collaborations.

Separately, the RBI said its cloud platform for financial firms went live in beta mode with nine users, making such a move amongst the first among central banks

Reserve Bank of India's spending on printing money dropped significantly. This happened even as the total value of currency in circulation grew. Higher denomination notes,…