In the course of a chit-chat with other bankers, the conversation veered around to central bank digital currencies (CBDCs).
A senior official of a global bank who was on a visit to India quipped that, at present, CBDCs look like a solution in search of a problem.
In its global avatar, the digital rupee can produce immediate, long-lasting and far-reaching impact, on par with UPI on domestic payments
The remark, though made in jest, struck a chord, because it was close to my own evolving views on the matter.
