Question:
The conversion rate between the physical rupee and the digital rupee is determined by which of the following in India?
The conversion rate between the physical rupee and the digital rupee is determined by which of the following in India?
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RBI is the central authority for all currency management in India.
Updated On: Sep 18, 2025
- National Payment Corporation of India
- Ministry of Finance
- Reserve Bank of India
- Market forces (Demand and Supply)
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The Correct Option is C
Solution and Explanation
The Reserve Bank of India determines the conversion rate of digital rupee to ensure stability in the currency system.
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