New Rupee Symbol of India – Indian Rupee Symbol approved by Cabinet


New Rupee Symbol of India or Indian Rupee Symbol approved by Cabinet. The Indian rupee had its own symbol, a mix of the Devanagri ‘Ra’ and Roman ‘R’, to become the fifth currency in the world to have a distinct identity. This New Rupee Symbol of India or Indian Rupee Symbol designed by IIT post-graduate D Uday Kumar and was approved by the Union Cabinet today on July 15, 2010.

The rupee will join the elite club of US dollar, British pound-sterling, Euro and Japanese yen to have its own symbol.

The symbol will be printed or embossed on currency notes or coins shortly. D Uday Kumar (IIT post-graduate) entry was chosen from among 3,000 designs competing for the currency symbol. He will get an award of Rs 2.5 lakhs.Read Full Story

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