SID SHAH: LIVE

India Gets Its Own Money (Rupee) Sign

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I tweeted about this news a few weeks ago, but found this video about the designer of the symbol on YouTube. Love the sense of pride that is shown in this video, it is always refreshing to see that.

The Indian rupee joins the U.S. dollar, the British pound, the euro and the Japanese yen with its own, unique symbol. It was chosen from more than 3,000 submitted designs, D. Udaya Kumar, Indian Institute of Technology assistant professor, created the winning design. It is almost fitting that the design was selected by somebody who represents India’s top educational institution.

The new symbol will distinguish India’s currency from others which are similar such as the Nepalese and Pakistani rupee, and the Indonesian rupiah. Previously, the most common notation for the rupee was “Rs,” and international traders used “INR” to distinguish it.

With this, India will join an elite group of countries which have a distinct currency symbol. It denotes the robustness of Indian economy.

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Written by Sid Shah

July 23, 2010 at 2:38 pm

Posted in Business, Politics

Tagged with , , ,

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