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
India's Rupee Finally Gets a Symbol
Research scholar at the Indian Institute of Technology D. Udaya Kumar displays the new symbol of the Indian currency.   (AP Photo)

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. (More rupee stories.)

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