- published: 26 Sep 2013
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The Indian rupee sign , in Unicode U+20B9 ₹ indian rupee sign (HTML: ₹
), is the currency sign used for the Indian rupee, the official currency of India. It is relatively new, the design having been presented to the public by the Government of India on 15 July 2010, following its selection through an open competition among Indian residents. Before its adoption, the most commonly used symbols for the rupee were Rs, Re or, if the text was in an Indian language, an appropriate abbreviation in that language. The new sign relates to only the Indian currency; other countries that use a rupee, such as Sri Lanka, Pakistan and Nepal, still use the generic U+20A8 ₨ rupee sign character.
The design resembles both the Devanagari letter "र" (ra) and the Latin capital letter "R", with a double horizontal line at the top.
On 5 March 2009, the Indian government announced a contest to create a sign for the Indian rupee. During the 2010 Union Budget, Finance Minister Pranab Mukherjee mentioned that the proposed sign would reflect and capture the Indian ethos and culture. Five signs created by Nondita Correa-Mehrotra, Hitesh Padmashali, Shibin KK, Shahrukh J Irani, and D Udaya Kumar had been short-listed from around 3,331 responses received and one of them was to be finalized at the Union Council of Ministers of India meeting held on 24 June 2010. The decision was deferred by a request of the Finance Minister, and it was decided when they met again on 15 July 2010, and selected the symbol created by D.Udaya Kumar son of N. Dharmalingam, a former DMK MLA.
The rupee sign (₨), is a currency sign used to represent the monetary unit of account in Sri Lanka, Nepal, Pakistan, Mauritius, Seychelles,and the Maldives. It resembles, and is often written as, the Latin character sequence "Rs" or "Rs." The rupee sign is encoded in the Unicode character set at U+20A8.
The rupee sign was also formerly used to represent the Indian rupee until July 15, 2010, when it was replaced by a new currency symbol, ₹.
Rupee sign also exists in other languages. Some of them which are encoded in the Unicode standard are:
The Indian rupee (sign: ; code: INR) is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India.
The modern rupee is subdivided into 100 paise (singular paisa), although this division is now theoretical; as of 30 June 2011, coin denominations of less than 50 paise ceased to be legal tender. Banknotes are available in nominal values of 5, 10, 20, 50, 100, 500 and 1000 rupees. Rupee coins are available in denominations of 1, 2, 5 and 10; the only other rupee coin has a nominal value of 50 paise, since lower denominations have been officially withdrawn.
The Indian rupee symbol (officially adopted in 2010) is derived from the Devanagari consonant "र" (Ra) with an added horizontal bar. The symbol can also be derived from the Latin consonant "R" by removing the vertical line, and adding two horizontal bars (like the symbols for the Japanese yen and the euro). The first series of coins with the rupee symbol was launched on 8 July 2011.