India has finally got a symbol for the Rupee and joined a select club of countries whose currencies have an unique identity. The five-member panel has chosen IIT post-graduate D Udaya Kumar's design from among five shortlisted symbols and recommended it for Cabinet approval.
Kumar's symbol is an amalgam of the Devanagari 'Ra' and the Roman capital 'R' without the stem, very much in line with what Finance Minister Pranab Mukherjee had envisioned.The chosen symbol has the Finance Minister's approval, said a Ministry official.
Kumar's concept, an official said, is based on the Tricolour and "arithmetic equivalence". While the white space between the two horizontal lines gives the impression of the national flag with the Ashok Chakra, the two bold parallel lines stand for 'equals to', representing balance in the economy, both within and with other economies of the world
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