According to sources involved in the pilot project, the use of India's central bank digital currency (CBDC), the digital rupee, has fallen sharply to one-tenth of its peak in December 2023. The Reserve Bank of India (RBI) initially brought the daily retail transactions of the digital rupee to 1 million by incentivizing banks and allocating a portion of salaries using digital currencies. However, when these incentives ended, its daily trading volume fell to about 100,000, indicating a lack of organic demand. The central bank is currently focused on testing technology and developing use cases, with no immediate plans for rapid expansion.