The symbol of Indian
Rupee signifies India's international identity for money transactions and
economic strength. The Indian Rupee sign is an allegory of Indian ethos. The
symbol is an amalgam of Devanagari "Ra" and the Roman Capital "R" with two
parallel horizontal stripes running at the top representing the national flag
and also the "equal to" sign. The Indian Rupee sign was adopted by
the Government of India on 15th July, 2010.
The symbol, conceptualized and designed by Udaya
Kumar, a post graduate in
Design from Indian Institute of Technology Bombay, has been chosen from
thousands of concept entries received by the Ministry
of Finance through
an open competition among resident Indian nationals. The process of
establishing and implementing this new identity is underway through various
digital technology and computer applications.
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