The Reserve Bank of India Expands Digital Rupee Pilot, Introduces Programmable and Offline Payment Features
According to Cointelegraph, the Reserve Bank of India (RBI) announced in its 2024-25 annual report that it will expand the digital rupee (CBDC) pilot to introduce new features such as programmability and offline payments for both retail (e₹-Retail) and wholesale (e₹-Wholesale) versions. These features aim to enhance the applicability of the digital rupee in areas with limited network connectivity and to customize payment solutions for specific scenarios such as government subsidies or corporate spending control.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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