Interesting Facts about the Currency Symbol of India - Testbook

Fascinating Facts about the Indian Currency Symbol

Let's dive into some fascinating facts about the Indian currency symbol that will aid you in your UPSC IAS Prelims exam preparation.

1. The Indian Rupee symbol was officially adopted by the Government of India on July 15, 2010.
2. The symbol of the Indian Rupee is a perfect blend of Indian heritage and modernity. It's a combination of the Devanagari letter "Ra" and the Roman Capital "R", with two horizontal stripes at the top.
3. The horizontal stripes subtly represent the Indian national flag's tricolor, symbolizing it flying high.
4. The two horizontal lines also represent the 'equal to' arithmetic sign, symbolizing a balanced and stable economy.
5. The Indian Rupee symbol was designed by Udaya Kumar, who won an open competition conducted by the Ministry of Finance for the design.
6. The symbol gives the Indian currency a unique identity, distinguishing it from currencies of other countries with similar names, like Sri Lanka, Pakistan, and Indonesia.

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