Asia Bizz: Official Symbol For Indian Rupee Finalized

The Indian government has finalized the design to represent the Indian currency.

The cabinet ministers announced that the design proposed by the IIT post graduate D Udaya Kumar will be used a symbol for the Indian rupee.

new_rupee
This announcement of official symbol has placed Indian rupee in the bracket of International currencies like euro, dollars, yen, etc.

A decision was taken to use a symbol for Indian rupee and hence in the year 2009 a competition was announced regarding what should be the design of the Indian currency.

Of the total 3000 entries received, five were short listed for consideration.

Out of the best five, the design by Udaya Kumar was finalised. It is now decided that the symbol by Udaya Kumar will be used to represent the Indian currency.

The finance ministry will reward, Udaya Kumar, 2.5 lakh as his design got selected.

Speaking to the reports, Information and Broadcasting Minister, Ambika Soni said, “ the government will try to adopt it within six months in the country and globally within 2 years.”

He informed, “though the symbol will not be printed or embossed on currency notes or coins, it would be included in the ‘Unicode Standard’ and major scripts of the world to ensure that it is easily displayed and printed in the electronic and print media.”

The selected design is a mixture of Devnagiri ‘Ra’ and the Roman capital ‘R’.

The excited Udaya Kumar said,

“I feel really great. I don’t have words to express my happiness. Really thrilled,” he told a television channel grinning. “I can’t think anything in my mind right now.”

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