India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique identity. The Indian rupee will have 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
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,
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.
She said that the Rupee symbol was a nice blend of modernity and Indian culture. She said the government will try that the symbol is adopted within six months in the country and globally within 18 to 24 months. The symbol will feature on computer key boards and softwares so that it can be printed and displayed in electronic and print, she said.
Soni said it would also help in distinguishing the Indian currency from rupee or rupiah of countries like Pakistan, Nepal, Sri Lanka and Indonesia
The symbol selected has been designed by an Indian Institute of Technology postgraduate D Udaya Kumar and was selected from among five short listed symbols. Kumar, who is with the Department of Design at IIT Guwahati, explained that he design is based on the Indian Tricolour.
"My design is based on the Tricolour with two lines at the top and white space in between. I wanted the symbol for the Rupee to represent the Indian flag. It is a perfect blend of Indian and Roman letters: a capital 'R', and Devnagari 'Ra', which represent rupiya, to appeal to international and Indian audiences. After working on the design for few months, I shortlisted eight to 10 designs and then refined them further till I got this one," said Kumar.
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,
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.
She said that the Rupee symbol was a nice blend of modernity and Indian culture. She said the government will try that the symbol is adopted within six months in the country and globally within 18 to 24 months. The symbol will feature on computer key boards and softwares so that it can be printed and displayed in electronic and print, she said.
Soni said it would also help in distinguishing the Indian currency from rupee or rupiah of countries like Pakistan, Nepal, Sri Lanka and Indonesia
The symbol selected has been designed by an Indian Institute of Technology postgraduate D Udaya Kumar and was selected from among five short listed symbols. Kumar, who is with the Department of Design at IIT Guwahati, explained that he design is based on the Indian Tricolour.
"My design is based on the Tricolour with two lines at the top and white space in between. I wanted the symbol for the Rupee to represent the Indian flag. It is a perfect blend of Indian and Roman letters: a capital 'R', and Devnagari 'Ra', which represent rupiya, to appeal to international and Indian audiences. After working on the design for few months, I shortlisted eight to 10 designs and then refined them further till I got this one," said Kumar.
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