Sunday, August 15, 2010
Government of India officially selected a new Indian rupee symbol. Now like the US dollar, UK pound, Japanese Yen, Euro; the Indian rupee can also boast of its very own symbol instead of being written as Rs.
The new symbol is a blend of the Devanagari ‘र’ and the Roman capital ‘R’ without the stem. The parallel lines at the top (with white space between them) make an allusion to the tricolor Indian flag and they also depict an equality sign which symbolizes the nation’s desire to reduce economic disparity.
In an open contest held by the Finance Ministry, 5 symbols were short listed and the winner was the Indian rupee symbol created by IIT alumnus D Udaya Kumar. This will avoid confusion with similar rupee currency of Nepal, Pakistan, Sri Lanka. and give an international identity to the Indian rupee.