CENTRAL BANK DIGITAL CURRENCIES & CROSS-BORDER PAYMENTS:INDIA’S DIGITAL RUPEE EXPERIMENT IN A FRAGMENTED GLOBAL FINANCIAL ORDER
The proliferation of private digital currencies and stablecoin has compelled central banks worldwide to reassert monetary sovereignty through Central Bank Digital Currency (CBDC) initiatives. This paper examines India’s Digital Rupee (e₹) within the broader context of global CBDC developments and cross-border payment infrastructure. Through doctrinal analysis and comparative methodology, we investigate India’s hybrid CBDC architecture, its legal foundations under the RBI Act (1934) and...
