Indian Rupee has got its own symbol. Similar to Dollar ($), Pound Sterling (£) and Japanese Yen (Â¥), and Euro (€), Indian Rupees has got a symbol. The new symbol is designed to look like a Hindi alphabet ‘RA‘ (र) and part of a English alphabet ‘R’. Indian currency has become the fifth currency to have its own graphical symbol.

The new symbol is also meant to differentiate the Indian Rupee from the rupee of Pakistan, Nepal, Sri Lanka and the Rupiah of Indonesia.

The symbol was designed by D Udaya Kumar, a graduate from IIT Bombay. The design got selected from 3,000 designs entered for the competition announced by the RBI. Udaya Kumar is awarded Rs. 2.5 lakh as a prize money.

It is planned that the symbol will be adopted in India within six months and all over the world within a year. The symbol however won’t be printed in the currency notes.

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