Indian Rupee Gets Its Own Symbol – Amalgam of Devanagari ‘Ra’ and Roman capital ‘R’

Written By Sam on 15 July 2010

Finally after a long wait our Indian Rupee has now arrived on the international platform in sync with universal standards. An IIT post-graduate D Udaya Kumar had designed the Indian Rupee a symbol of its own and the Indian Cabinet approved the design today. The new symbol is an amalgam of the Devanagari ‘Ra’ and the Roman capital ‘R’. Information and Broadcasting Minister Ambika Soni announced that it would take about six months in India and about two years to make it recognized internationally.

The government had organised a symbol design competition with a prize of Rs 2.5 lakh for the winner. Five designs were shortlisted and Uday is the one whose design has been finalized which reflects Indian ethos and culture. The growing influence of the Indian economy in the global space is said to have prompted this move. The Rupee will now join the global currencies like The US dollar, The British Pound, European Euro and Japanese Yen that have unique symbols. The abbreviation for the Indian Rupee is ‘Re’ or ‘Rs’ and the same is used by India’s neighbours Pakistan, Nepal and Sri Lanka as well.

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