Cabinet approves new rupee symbol

Thursday, July 15, 2010

The Union Cabinet on Thursday approved the new symbol for the Indian rupee - an amalgam of the Devnagiri 'Ra' and the Roman capital 'R' without the stem. 15rupee1

The symbol, designed by an Indian Institute of Technology (IIT) postgraduate D Udaya Kumar, was selected from among five shortlisted symbols before the cabinet, information and broadcasting minister Ambika Soni said after the cabinet meeting.

"It is just a symbol," she told reporters.

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