We are delighted by the new Rupee Symbol! Designed by Uday Kumar, a graduate of IIT bombay (Industrial Design center), it was chosen from among 3,000 designs competing for the currency symbol. He gets an award of Rs. 2.5 lakhs (= 5300 USD).
The government aims to have the symbol adopted in six months within the country and globally within 18 to 24 months. It will feature on computer key boards and software so that it can be printed and displayed in electronic and print. Most importantly, it moves the Indian rupee from simply being a shorter version of the word : i.e. "Rs." to an internationally recognised currency symbol like the $ or £.
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