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New Indian Rupee Symbol :
India is one of the fastest
growing economies in the world. It was only fitting that
currency of India; rupee will soon have a distinct and
identifiable symbol. The new symbol will be a perfect
representative of strength of the over-trillion-dollar Indian
economy. The arrival of new Indian rupee symbol has catapulted
India to a very elite league. Currently, there is an exclusive
club of international currencies namely - the US dollar, the
British pound, the Japanese yen and the euro and now the Indian
rupee.
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The new rupee symbol has been designed by Mr D. Udaya Kumar who
is a post graduate from IIT, Mumbai. Indian government had
announced a nationwide contest for new rupee symbol. More than
3000 entries were received in this national competition. It was
truly a tough challenge to select one design because of quality
of several other designs. Government had formed a jury headed by
the RBI Deputy Governor. The jury evaluated all the designs and
selected the one designed by Mr. Kumar. The new symbol is a
wonderful blend of the Devanigiri ‘Ra' and roman ‘R'.
What new rupee symbol does is to lend a distinctive character
and identity to the Indian currency. In some ways, it reflects
the strength of the growing Indian economy. There are few other
countries whose currencies are also designated as Rupee or
Rupiah, like Indonesia, Pakistan, Nepal and Sri Lanka. New rupee
symbol will help Indian currency in distinguishing itself from
other currencies. Now, Indian currency will be internationally
recognized just the way Yen, Dollar and Pound are recognized.
The further course of action aims at inclusion of the symbol in
the Indian standard also known as Indian script Code for
Information Interchange (ISCII). This will ensure assigning
codes to the symbol for processing on computers. New Indian
rupee symbol will also need to be included in the Unicode
standard which basically refers to an international encoding
scheme applied to uniquely identify characters. The process can
take few months. As of now, there is no plan of printing or
embossing of the symbol on Indian currency notes or coins.
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Learn more about the
rupee symbol |
Importance of Indian rupee symbol |
History of the Indian rupee symbol |
How re-branding rupee can help brand India |
Download Indian rupee images photos |
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