This document provides information about the new symbol for the Indian Rupee. It discusses the selection of the symbol designed by Udaya Kumar, which incorporates elements of the Indian flag and references stability. The symbol was aimed to give the rupee international recognition and isolate it from currencies of neighboring countries that also use "Rs." Potential benefits included easier trade, capital flows, and monetary policy. However, government was not yet planning to introduce the symbol on currency notes. The document also notes a controversy around the similarity of the inverted symbol to the Euro symbol.
This document provides information about the new symbol for the Indian Rupee. It discusses the selection of the symbol designed by Udaya Kumar, which incorporates elements of the Indian flag and references stability. The symbol was aimed to give the rupee international recognition and isolate it from currencies of neighboring countries that also use "Rs." Potential benefits included easier trade, capital flows, and monetary policy. However, government was not yet planning to introduce the symbol on currency notes. The document also notes a controversy around the similarity of the inverted symbol to the Euro symbol.
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This document provides information about the new symbol for the Indian Rupee. It discusses the selection of the symbol designed by Udaya Kumar, which incorporates elements of the Indian flag and references stability. The symbol was aimed to give the rupee international recognition and isolate it from currencies of neighboring countries that also use "Rs." Potential benefits included easier trade, capital flows, and monetary policy. However, government was not yet planning to introduce the symbol on currency notes. The document also notes a controversy around the similarity of the inverted symbol to the Euro symbol.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
Mrs. Sukhpreet kaur JASMEEN Faculty of LSM 10901044 A15 CONTENTS Introduction Basic aim of the new symbol Selection of Rupee Symbol About Rupee Symbol About Udaya Kumar Benefits of the new Rupee Symbol Indian currency notes yet Controversy Statement How to use the symbol at system Introduction •In July 2010 •Cabinet selected a new Symbol for the Indian Rupee which looks like as the snapshot shown below. Basic aim of the new symbol •Economy exerts more influence in the global space
•Unique sign will also help isolate the currency
•Provide the Indian rupee international
recognition •Rs’ which is used by neighbouring Pakistan, Nepal and Sri Lanka. Selection of Rupee Symbol •On March 5, 2009 •During the Union Budget 2010 , FMA •Symbol would reflect and capture the Indian ethos and culture. •Five symbols had been short listed
. •Cheque of Rs2.5 lakh.
•15 July 2010 About Rupee Symbol •The Devanagari ‘र’, Latin letter “R”
•Tricolor Indian flag
•Balance in the economy
•Six months, within 18 to 24 months
About D Udaya Kumar •10 October 1978, Chennai (TN)
•B.Arch from the SAP (2001)
•Visual Comm. from IDC, IIT Bombay (2003)
•Doctoral studies at IDC, IIT Bombay (2010)
•At IIT Guwahati
Benefits of the new Rupee Symbol •The symbol will also set India apart from other countries •The account convertibility and trade will be easier •More capital is expected to flow into the Indian market •A fixed exchange rate and independent monetary policy- will be easier to be tackled. •Good impact on growth, price stability and financial stability of the Indian economy . •There are positive signals of better results in eradication of illiteracy and poverty. Indian currency notes yet •Government is not planning to print currency notes with the symbol
•Fifth currency, the others being the US dollar,
British pound-sterling, Japanese yen and Euro. Controversy Statement •Here is the original proposed Rupee Symbol
•Now let us experiment this Rupee symbol. Lets first
Invert it, it will look like this •Now, let us compare this symbol with Euro Symbol. Thankyou