Indian Rupee finally gets its symbol
NDTV Correspondent, 15 July, 2010
Finally, the Rupee will have a symbol like
the Dollar ($) or the Euro (€) or the Pound (£). The Cabinet today finalised
the design for the Rupee.
IIT post-graduate Uday kumar's entry
has been selected out of five shortlisted designs as the new symbol for
the Indian Rupee.
The government had organised a symbol
design competition with a prize money of Rs 2.5 lakh. Five designs were
shortlisted from a competition and all new notes will bear the design finally
approved.
The growing influence of the Indian
economy in the global space is said to have prompted this move that will
result in the Indian rupee joining the select club of global currencies
like the US dollar, the British Pound, European Euro and Japanese Yen that
have unique symbols.
The abbreviation for the Indian Rupee,
'Re' or 'Rs' is used by India's neighbours Pakistan, Nepal and Sri Lanka.
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