India finally got a symbol for the Rupee on Thursday, denoting the strength of its economy, and joined a select club of countries whose currencies have a unique identity. The cabinet approved the symbol - an amalgam of the Devnagiri 'Ra' and the Roman capital 'R' without the stem and two parallel lines running at the top. The parallel lines symbolize the equal to sign.
With the gaining of the symbol, the Indian rupee joins the club of US dollar, British pound, European euro and Japanese yen that currently have their own symbols.
The symbol was designed by D Udaya Kumar, who is with the Department of Design at IIT Guwahati. Explaining the significance of the design, he said it is based on the Indian Tricolor.
"My design is based on the Tricolor with two lines at the top and white space in between. I wanted the symbol for the Rupee to represent the Indian flag," said Kumar.
Lets hope, with a new symbol Indian economy reaches new high..!!
Unveiling the symbol now..!!!