New Identity To "Indian Rupee"

              Indian rupee is poised to get a whole new identity as the union cabinet will be deciding on a unique identification symbol for the country's currency on Thursday, June 24.

    This move to give the Indian rupee an iconic identity in the line of currencies such as Dollars, Pounds and Euros was inspired by the growing influence of the Indian rupee in Global Markets. 

         "In the ensuing year, we intend to formalise a symbol for the Indian Rupee, which reflects and captures the Indian ethos and culture." Finance minister Pranab Mukherjee said while tabling the Union Budget 2010-11 in the parliament, after the decision was taken in 2009.

              The Finance ministry sought some designs from the public to reflect historical and cultural ethos of the country. The ministry has short listed five symbols and appeal to the Indian as well as International community to choose one of the symbol which I have above in my blog.  

           The rupee has been signed by the abbreviation such as 'Rs' or 'Re' but the same abbreviations were used to represent currencies of countries like Pakistan, Nepal and Sri Lanka. The Indian Rupee is also represented as INR.

              I like the third symbol most for the unique identification for the currency Rupee of our country.

Thank you 

Take Care

Rishi Kansal