Rupee got a new symbol

Finally, Rupee also has symbol like other major global currencies. Rupee is fifth currency in the world to have its own unique symbol. Other currencies are US Dollar, British Pound, Japanese Yen and Euro. This symbol is designed by Mr. D Uday Kumar who is an IIT post graduate. Lets have a look at the symbol.

According to Mr. Kumar, its first two horizontal lines with a white space in between give impression of Tricolor national flag. Further, it is a perfect blend of Indian and Roman letters: a capital 'R', and Devanagari 'ra', which represent rupiya, to appeal to international and Indian audiences.

Objective of having a unique symbol is to recognize the growing importance of indian economy in global space and to have a distict identity from currencies of neighbouring like pakistan and bangladesh who also use same symbol "Rs." to represent their currencies.