The Indian rupee will soon have a unique symbol, a blend of the Devanagri ‘Ra’ and Roman ‘R’, joining elite currencies like the US dollar, euro, British pound and Japanese yen in having a distinct identity. Unicode is an international standard that allows text data to be interchanged globally without conflict. After incorporation in the global and Indian codes, the symbol would be used by all individuals and entities within and outside the country. The symbol will be adopted in a span of six months in the country, and within 18 to 24 months globally and will be featured on computer keyboards and softwares for worldwide use.
The new symbol, designed by Bombay IIT post-graduate D Udaya Kumar, was approved by the cabinet today — reflecting that the Indian currency, backed by an over-trillion dollar economy, was finally making its presence felt on the international scene.