India explores offline functionality of CBDCs: RBI executive director

India’s recently launched in-house central bank digital currency (CBDC), the e-rupi, is now being tested for offline functionality, revealed Ajay Kumar Choudhary, Executive Director at the Reserve Bank of India (RBI). The RBI — India's central bank and regulatory body — launched the wholesale segment pilot for the digital rupee on Nov. 1, 2022, and onboarded 50,000 users and 5,000…