Category: - INDIA

Government hopes to signal India's growing strength with globally recognised currency symbol
It may look like a melted British Rail sign but it's hoped that a new symbol for the Indian rupee will signal India's growing economic strength ‑ and it will be coming soon to a keyboard near you.

The winning design was selected by the Indian cabinet yesterday from a shortlist of fivefollowing a national competition.

Measures are already afoot to have the rupee sign declared a computer standard, meaning it could join currencies such as the pound, dollar, euro and yen on keyboards within two years.

"The distinct symbol denotes the robustness of the Indian economy," India's information minister, Ambika Soni, said.

References to sums in rupees currently involve spelling out the word or giving it the abbreviation Rs or INRs to distinguish it from other Asian countries that use rupees or variations thereof.

"Once accepted, it will stand clear from the clutter of currencies that call themselves rupee or the rupiah," India's Telegraph reported.