ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Business and Employment»
  • Business & Society

New Indian Rupee Symbol

Updated on July 17, 2010
new indian rupee symbol pic
new indian rupee symbol pic

Indian currency Rupees

 Some currencies can be identified by their unique signs like the dollar sign, Japanese Yen or the British pound. Finally in July 2010, one of the fastest growth countries in the world, approved a distinct symbol for its currency, the rupee. Ambika Soni, India's information and broadcasting minister, announced that this symbol was selected after a year-long public contest involving 3000 designs. The New Indian Rupee Symbol looks like an R in hindi with an horizontal line at the top which is unique and another horizontal line parallel to the top line a little below it. The symbol for the rupee gives a distinctive character and identity to the currency and also highlights the strength and robustness of the Indian economy.

indian rupee design
indian rupee design

New Sign for Indian Rupee revealed


It is interesting to note that other neighboring countries like Nepal, Sri Lanka and Pakistan use rupee as their currency. Having a symbol just for Indian currency also helps to distinguish the Indian rupee from the namesake currencies. The Union Cabinet approved the symbol for the Indian Rupee, which will be used by all individuals and entities within and outside India.

The New Indian Rupee Symbol was selected by a jury headed by Reserve Bank of India deputy governor and experts from reputed design institutes. The symbol is borrowed from ancient Devanagari script used in Indian languages including Hindi and Sanskrit.

Measures are already afoot to have the rupee sign declared a computer standard, meaning it could join currencies such as the pound, dollar, euro and yen on keyboards within two years.

New Indian Rupee Symbol was designed by Udaya Kumar, a lecturer in design at the Indian Institute of Technology in Mumbai. His design is based on the tricolor, with two lines at the top and white space in between. It is a perfect blend of Indian and Roman letters: a capital 'R' and Devanagari 'ra' which represents rupiya, to appeal to international audiences and Indian audiences.

Since the Indian rupee has an identity getting promoted by the Indian government, how soon will the computer keyboards start having a special key for it? Many vendors say they will roll out the symbol as soon as the Bureau of Indian Standards sets the guidelines, since it takes only a minor software change to incorporate it.

The major players in the industry are fully equipped to integrate the rupee symbol; it requires only a software code change. It would not take more than a production cycle, or about three months, once the standard guidelines for adoption of the same are introduced. It would be interesting to see which function key (Insert, Page Up, Page Down or Home or End) will bear the rupee symbol.

Some say it may take over two years before the new indian rupee symbol starts showing on computers and mobile phones. Many manufacturers are also undecided whether they will offer the new symbol on keyboards or in software to the character set supported by their devices. Once a new version of the standard, which has the code point for the rupee symbol, is released by the Unicode Consortium, Microsoft will start work to include it in the Windows operating system.

New Indian Rupee Symbol analysis

Do you like the new Indian Rupee Symbol?

See results

Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      hartej singh gill 7 years ago

      i think this is varry good symbol of indian rupees

    • profile image

      S.Ganesh 7 years ago

      I am Malaysian Indian feel really proud of the new symbol. Its really unique and it shows India economy are growing fast.

    • profile image

      angel 6 years ago

      hi... very nice...

    • profile image

      INDIAN 6 years ago

      yes.. it is great atleast now our currency sign is upper from dollar sign and the britishers atleat learn how to write onw word of our mother language....... ..

      jai hind........

    • profile image

      uniwebsol 6 years ago

      after all India got its monetry identification

    Click to Rate This Article