New Delhi, Oct. 9 -- Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday announced the creation of a Unified Market Interface (UMI), a new market infrastructure designed to enable instant buying, selling, and trading of financial assets as digital tokens settled through the central bank digital currency (CBDC).

"Early efforts and results from the inaugural pilot in improving market efficiency here are encouraging," Malhotra said, speaking at the Global Fintech Fest 2025, reported TOI.

He emphasised that India's digital finance ecosystem has reached a critical juncture, with the next phase of financial inclusion to be driven by data integration, digital currency, asset tokenisation, artificial intelligence, and cybersecurit...