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Sunday, July 18, 2010

New Avatar to Indian Rupee!!!

Evoking national spirit and international attention the Indian rupee attained a new avatar in its new symbol. A distinct identity with a blend of the Devanagri ‘Ra' and Roman ‘R', the Indian currency will be joining the elite club of the U.S. dollar, the European euro, the British pound sterling and the Japanese yen.

This would distinguish the Indian currency from its neighbouring countries' — Pakistan, Nepal, Sri Lanka and Indonesia — similarly known rupee or rupiah.

Udayakumar, an IIT graduate who designed the symbol
While declaring the intention of the government to have a symbol for the Indian rupee, Union Finance Minister Pranab Mukherjee had stated in his last budget presentation that: “We intend to formalise a symbol for the Indian rupee, which reflects and captures the Indian ethos and culture.
“With this, Indian rupee will join the select club of currencies such as the U.S. dollar, British pound sterling, euro and the Japanese yen that have a clear distinguishing identity.”
The growth story of India is intact and many would be interested in correlating the new symbol with its economic growth and ambition to become an economic super power.

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