India’s central financial institution digital foreign money (CBDC), the digital rupee, has skilled a major decline in utilization, reducing to a tenth of its peak in December 2023, in accordance with sources concerned within the pilot challenge. The Reserve Financial institution of India (RBI) initially reached 1 million every day retail transactions with the digital rupee by incentivizing banks and distributing parts of salaries by the digital foreign money. Nevertheless, when these incentives ended, every day transactions fell to roughly 100,000, revealing an absence of natural demand. The RBI is now concentrating on testing expertise and growing use circumstances, with no speedy plans for fast growth.