INDIAN RUPEE GETS A SYMBOL

The Indian rupee has is now in elite company. It is one of the 5 currencies of the world that have a unique symbol.

The Indian Rupee Symbol

Other currencies with a symbol of thier own are the US Dollar, Euro, Japanese Yen and the British Pound.

“The symbol will standardize the expression for Indian rupee in different languages, both within and outside the country,” a government statement said about the symbol, which was conceived by D. Udaya Kumar, a research scholar at the Indian Institute of Technology in Mumbai.

According to a government statement, the symbol will also be included in Indian standards, or Indian Script Code for Information Interchange (ISCII).The ISCII specifies various codes for Indian languages processing on computers along with keyboard layouts.

The government statement added that the industry lobbies for Indian software and hardware companies, Nasscom and Manufacturers Association for Information Technology, or Mait, would ask their members to make changes needed to allow the rupee’s symbol to be used in texts.