The rupee gets its new symbol and will soon join in the list with other currencies like US dollor, the Euro, British Pound, Japanese Yen. Rupee will definitely have its distinct quality after this.
The unique symbol--a blend of the Devanagri 'Ra' and Roman 'R' -- is designed by Bombay IIT post-graduate D Udaya Kumar, was approved by the Cabinet on Thursday.
An All India contest was made for the design of Rupee Symbol. Five designs had been shortlisted by the government. These signs are easy to write and are specially designed to appeal to Indian and international community.
Kumar's concept, as sources said, is based on the Tricolour and "arithmetic equivalence". The White space between two horizontal lines indicates the mark of the national flag with the Ashoka Chakara and th two bold lines represents "equal to" indicating balance in the economy.
The Basic aim of the new symbol is to provide the Indian rupee international recognition as the country's economy exerts more influence in the global space. Moreover this symbol will also serve as unique when comparing to other countries using Rupee as their money.