Like Dollar $ or the Euro € or the Pound £, the Indian rupee will also now have its own symbol very soon. The Cabinet is expected to choose a symbol today which will represent Indian currency all over the world, just like the symbols of other currencies do. The government had announced a competition for designing symbol and they also announced a prize money of 2.5 lakh for winning symbol. The creator of winning symbol will have this prize money. The authorities had chosen five designs earlier but today the final design would also be declared by the cabinet.
Finance Minister Pranab Mukherjee says that they are looking for a design which reflects and captures the Indian ethos and culture. Current symbols ‘Re’ or ‘Rs’ are also under use of India’s neighbors like Pakistan, Sri Lanka and Nepal.
