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Indian Rupee To Have Unique Symbol

indian-rupee-symbol I came across an interesting piece of news and decided to share it here. India is soon going to join the group of countries like the US, Japan, UK etc which have a unique symbol for their currency.   During his Budget speech in Feb 2010, Finance Minister Pranab Mukherjee announced, “In the ensuing year, we intend to formalize a symbol for the Indian rupee, which reflects and captures the Indian ethos and culture”. In fact the contest to design a symbol was started in 2009 by the Finance Ministry of India. You can read the official notification here. (The contest has ended.)

What prompted this move?

Currently India is using abbreviations “Re” and “Rs” for its currency Rupee. These abbreviations are also used by Pakistan, Sri Lanka and Nepal for their currencies. As the influence of Indian economy is growing in global market, it makes sense to have a unique identifier for its currency.

When will the symbol be decided?

According to news reports, the Cabinet might decide on the design on Thursday, 24th June 2010. Five designs have already been shortlisted: 5 selected designs Image Credit: NDTV Profit Once a symbol is approved, all the new notes will bear that design. I am excited about this move, and can’t wait to see which design will finally make it on the Indian currency. While we are waiting for the Government to decide, let us know your preferred design from above. Mine is 4, since it is easy to write. Update: The symbol has been finalized. Read about it here. Also read 8 Interesting Facts About Currencies Follow KnowledgeHub on twitter @knwhub. Join Knowledge Hub on Facebook @ www.facebook.com/knowledgehub If you are new here, please visit sitemap to see a list of articles published so far.

20 Responses to Indian Rupee To Have Unique Symbol

  1. Vinayak June 24, 2010 at 4:23 am #

    Hmm…..this is really a nice move….didn't knew about it.I think that the 4th design should be the symbol.Really nice post. 🙂 and also this new comment system is also very good.
    Keep blogging

  2. jordan ll kicks June 24, 2010 at 11:54 am #

    I like the second one design it is really a great move from the Indian government.:$:p soom

  3. Max White June 24, 2010 at 7:44 pm #

    This is the greatest post I have come across so far.I am really pleased to post my comment on this blog. I think 1 st is very easy to write, in my way. I love your blog by the way, I am gonna have to add you to my list of watched blogs .Thank you for this very useful information. stored it.Thanks again and keep up the good work.

  4. Arjun June 24, 2010 at 4:07 pm #

    first of all i would lyk to tell u that u have presented in a very good manner 😉 and secondly it was very informative so i m sharing this with my all frnds…^_^ and listen keep blogging

    Love ur blog……

  5. Anshul June 24, 2010 at 6:36 pm #

    Thanks Vinayak 🙂 yeah even I feel 4th design should make it.. it would have been better if the govt could have conducted a public poll to select the design..

  6. Anshul June 24, 2010 at 6:38 pm #

    Thanks Arjun :).. keep supporting the blog as you have done till now 🙂 without the support of you all, the blog would be dead..

  7. Elva June 24, 2010 at 10:40 pm #

    Symbol, It already have na, Gandhi ji. There is no need to have another symbol like dollar. Is already have famous symbol Rs.

  8. Anshul June 25, 2010 at 2:23 am #

    Thanks for the appreciation.. Hope to see you here more often…

  9. Anshul June 25, 2010 at 2:26 am #

    You can't used Gandhi ji's symbol the way you use $. Rs is not a unique symbol. It is used by Pak, Sri Lanka and Nepal also. So to distinguish Indian rupee we need a unique symbol

  10. Website Hosting June 26, 2010 at 12:33 pm #

    Yaa i agree with Anshul ..Most countries in the world have distinct identification symbols for their currency – $ represents the US Dollar, £ is used for GBP, € for Euro, etc. but there’s still no official currency sign for the Indian Rupee so we need any unique symbol for that…

  11. analysis of rates June 30, 2010 at 7:08 pm #

    thanks somewhere we can join the party with countries who doesnot want to see us in any race

  12. Villas in Croatia July 2, 2010 at 3:12 pm #

    I had never thought about this before seeing this post but I had alwasy assumed that all currencies had their own unique symbol, well you know what they say when you assume.

  13. Apartment Software July 2, 2010 at 10:48 pm #

    Yes they are very unique in themselves ..

  14. Mohammed Ibrahim July 3, 2010 at 11:33 am #

    This is really a good news…………………
    I prefer the third one

  15. Iraqi Dinar July 6, 2010 at 12:14 am #

    I can't say I completely agree a props a few points, but you absolutely have a unique outlook. Anyhow, I like the word used in these lines…

  16. sqlsteps July 6, 2010 at 10:06 am #

    This is a nice and informative post and way of presentation is so good.well i like 2nd symbol for Rs.

  17. Matrimonial July 13, 2010 at 6:25 am #

    This is really a good information thanks for share with us…..

  18. safety July 17, 2010 at 9:39 am #

    Thank you so much for this informative post.

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