India approves symbol for currency
Thursday, July 15, 2010
A symbol for the India today. The Indian currency had previously lacked a distinctive symbol like those associated with the , , and the .was approved by the Government of
Minister for Information and Broadcasting of Indiaannounced the symbol chosen for the currency. "The symbol for the rupee would lend a distinctive character and identity to the currency and further highlight the strength and robustness of the Indian economy as a favored destination for global investments," Soni stated.
The government announced that the symbol will not be printed on currency notes or coins, but would be added to the Unicode Standard and other scripts used in the world. Soni said the symbol would be adopted in India by the next two quarters and globally within a year and a half to two years. She mentioned that it would soon feature in worldwide keyboards for easy use.
The symbol is a blend of theand Latin scripts. "It is a perfect blend of Indian and Roman letters — capital 'R' and 'Ra' [र] which represents rupaiah, to appeal to international and Indian audiences [...] My design is based on the tricolour, with two lines at the top and white space in between," Kumar, the designer of the symbol, said.
- Mukesh Jagota and Bijou George. "India Approves New Symbol for Rupee" — , July 15, 2010
- Bibhudatta Pradhan and Pratik Parij. "India Adopts Symbol for Rupee to `Highlight' Economic Strength, Soni Says" — , July 15, 2010
- Tony Munroe and Rina Chandran. "Rupee gets symbol on par with dollar, pound" — , July 15, 2010
- Press Trust of India. "IIT graduate gives Indian Rupee its symbol" — , July 15, 2010