Thursday, July 15, 2010

Currency symbol finalized for Indian Rupee

India has finally got the unique currency symbol for Indian Rupee, which till now was denoted using 'Rs' or 'Re'. The new symbol is a perfect blend of modernity and Indian culture. It includes both the Devnagiri 'Ra' and the Roman capital 'R' and includes two parallel lines, which denotes "equals to" sign. Now Indian Rupee can be recognized globally by having its unique identity and symbol.

A unique currency symbol shows the robustness of the country's economy and now India too will be recognized as a global economy among other countries. It lend a distictive identity to the currency and further highlight the strength and global face of the Indian economy. The selected symbol has been designed by an Indian Institute of Technology postgraduate 'D Udaya Kumar'. Earlier, a committee headed by a Reserve Bank Of India (RBI) shortlisted five symbols and then redesigned them to give a new design to show robustness and perfect blend of modernity and Indian tradition. On Thursday, July 15th 2010, the Union Cabinet approved this design among the five selected symbols.

"The symbol will be adopted in a span of 6 months in the country, and within 18 to 24 months globally", as told by Information and Broadcasting Minister Ambika Soni. Later, it will feature on computer keyboards and softwares for worldwide use.

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