Thursday, July 15, 2010

Indian Rupee gets a New Symbol

India finally got a symbol for the Rupee on Thursday 15th july 2010, denoting the strength of its economy, and joined a select club of countries whose currencies have a unique identity. The cabinet approved the symbol - an amalgam of the Devnagiri 'Ra' and the Roman capital 'R' without the stem and two parallel lines running at the top. The parallel lines symbolise the equal to sign. "It denotes the robustness of the Indian economy," said Information and Broadcasting Minister Ambika Soni, announcing the cabinet decision. With the gaining of the symbol, the Indian rupee joins the club of US dollar, British pound, European euro and Japanese yen that currently have their own symbols.

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