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¤ Mallika returns to India ¤ My dream has come true: Sachin ¤ Dikshit, Kalmadi seek public support for Games ¤ 750-m Ferozepur-Pakhowal link soon ¤ Karan is my guru ¤ Hindalco mulls huge expansion ¤ Civic body to have rainwater harvesting in Zone D office ¤ Police scotch rumours of hostage murder ¤ Complaints welcome Rahul on last day of Amethi tour ¤ After FIFA, vuvuzela all set to rock Commonwealth Games ¤ Body of BMP havildar recovered, operations intensified ¤ Soundarya Rajinikanth ties the knot ¤ Israel, Palestine to continue peace talks ¤ I'm lucky to get Saif as partner: Kareena Kapoor ¤ Hyundai Motor India announces price hike up to 1.2 per cent ¤ Rahul hails Niyamgiri tribals for ‘protecting their land’ ¤ Weak global trends drag Sensex down by 98 points ¤ Mamata launches ‘Mother Express’ ¤ Curfew back as another teenager dies ¤ Tiger Woods says divorce a sad time in his life ¤ .

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Rupee gets a new symbol

Date: Jul 17, 2010

Mumbai : India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique identity.

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. 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 thatthe 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 onthe design for few months, I shortlisted eight to 10 designs and then refined them further till I got this one," said Kumar.

All new notes will now bear the symbol.

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