Cabinet Approves New Symbol For Indian Rupee
India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique identity.
The Union Cabinet on Thursday approved the design, which includes both the Devnagiri ‘Ra’ and the Roman capital ‘R’ and has two parallel lines running at the top. The parallel lines symbolise the equal to sign.
“With this India will join an elite group of countries which have a distinct currency symbol. It denotes the robustness of Indian economy. I will now hold up the design that was finally selected. This was sent in by Udaya Kumar,” said Minister for Information and Broadcasting Ambika Soni in New Delhi.
Udaya Kumar, an IIT alumni is the designer of this symbol and his name is going into the footnotes of Indian History. He has also won the prize money of Rs.2.5 lakh as his design has been chosen to represent the currency of one of the ‘developing’ countries in the world.
