And so the Indian Currency, the 'Rupee' joins the elite club of currencies today.
The Indian Cabinet introduced the new design today after selecting it from top 5 entries, following a national competition. The symbol will signal the growing state of India's economy.
The Winning Design came from Mr. Uday Kumar, a lecturer in Design at IIT Mumbai. He exclaims that - "My design is based on the tricolor, with tow lines at the top and white space in between. I wanted the symbol for the rupee to represent the Indian flag. It is a perfect blend of Indian and Roman Letters: a capital 'R' and Devanagari 'ra' which represents rupiya, to appeal to international audiences."
Measures are already taken to have the rupee sign declared as an international computer standard, and be embedded in the standard computer keyboard as are the dollor and other symbols of the elite club.
The Government of India, has spoken that it would take at least 6months for the whole transition to take place. The notes and the coins would not yet have any change.
What I feel is,
The symbol looks pretty nice. It would really nicely fit in the group of symbols that exist prematurely.
The idea depicted by the person is nice, and has been nicely implemented, lets just see where it takes our economy.
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