Question
Which of the following statements is/are true regarding the pilot programme for wholesale digital rupee in the call money market initiated by RBI? I. Nine banks, including four public sector banks and five private sector banks, are participating in the e-rupee call money pilot. II. In the call money market, banks engage in short-term borrowing and lending activities among themselves, with interest rates determined by prevailing market conditions. III.The settlement will now be carried out using the CBDC instead of the real-time gross settlement used in trades on the Clearing Corp of India Limited (CCI
- L .
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