India's Rupee Finally Gets a Symbol

It's a sign of a growing economy, says government
By Newser Editors and Wire Services
Posted Jul 16, 2010 10:16 AM CDT
Research scholar at the Indian Institute of Technology D. Udaya Kumar displays the new symbol of the Indian currency.   (AP Photo)

(Newser) – India's rupee has joined the ranks of the dollar, the pound, the euro, and the yen: It now can be designated with a symbol. After a nationwide contest, India's government announced the winning symbol for its currency, a combination of the Roman letter R and its Hindi equivalent. The government hopes the symbol will signal that India has arrived on the global economic stage and emphasize the "robustness of the Indian economy as a favored destination for global investments," says the information minister.

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