The RBI made E-Rupis available to a select group of people yesterday. It's just like physical cash, only it's entirely digitized. You could simply transfer digital money from your wallet to another wallet as if you are handing them physical cash. The presumption right now is that it will offer users a higher degree of flexibility.
Yesterday the e₹-R (or the Central Bank Digital Currency - Retail) went live in Delhi, Mumbai, Bengaluru and Bhubaneswar. So, in today’s episode for 2nd December 2022, we discuss the e₹ as a new form of money.