Indian rupee sign

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Indian Rupee symbol.svg
Indian rupee sign
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In other scripts

The Indian rupee sign (sign: ; code: INR) is the currency symbol for the Indian rupee, the official currency of India. Designed by Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, [1] following its selection through an "open" competition among Indian residents. Before its adoption, the most commonly used symbols for the rupee were Rs, Re or, in texts in Indian languages, an appropriate abbreviation in the language used.

ISO 4217 Standard which delineates currency designators and country codes

ISO 4217 is a standard first published by International Organization for Standardization in 1978, which delineates currency designators, country codes, and references to minor units in three tables:

A currency symbol is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money.

Indian rupee the official currency of the Republic of India

The Indian rupee is the official currency of India. The rupee is subdivided into 100 paise, though as of 2018, coins of denomination of 50 paise or half rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.

The design is based on the Devanagari letter "र" (ra) with a double horizontal line at the top. It also resembles the Latin capital letter "R", especially R rotunda (Ꝛ).

Latin alphabet Alphabet used to write the Latin language

The Latin or Roman alphabet is the writing system originally used by the ancient Romans to write the Latin language.

R rotunda letter of the Latin alphabet

The r rotunda (ꝛ), "rounded r", is a historical calligraphic variant of the minuscule (lowercase) letter Latin r used in full script-like typefaces, especially blackletters.

The Unicode character for the Indian rupee sign is U+20B9INDIAN RUPEE SIGN. Other countries that use a rupee, such as Sri Lanka, Pakistan and Nepal, still use the generic U+20A8RUPEE SIGN character.

Sri Lankan rupee currency of Sri Lanka

The rupee is the currency of Sri Lanka, divided into 100 cents. It is issued by the Central Bank of Sri Lanka. The abbreviation is generally Rs., but "LKR" is occasionally used to distinguish it from other currencies also called rupee.

Pakistani rupee currency

The Pakistani Rupee (Urdu: روپیہ‎ / ALA-LC: Rūpiyah; sign: ; code: PKR; is the official currency of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan, the central bank of the country. The most commonly used symbol for the rupee is Rs, used on receipts when purchasing goods and services.

Nepalese rupee Official Currency of Nepal

The Nepalese Rupee is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal. The Nepalese rupee was introduced in 1932, when it replaced the Nepalese mohar at the rate 2:1.

Origin

On 5 March 2009, the Indian government announced a contest to create a sign for the Indian rupee. [2] [3] During the 2010 Union Budget, then Union Finance Minister Pranab Mukherjee said that the proposed sign should reflect and capture the Indian ethos and culture. [4] From around 3,331 responses received, five symbols were shortlisted. [5] These were the entries from Nondita Correa-Mehrotra, Hitesh Padmashali, Shibin KK, Shahrukh J. Irani, and D. Udaya Kumar [6] [5] and one of them was due to be selected at the Union Council of Ministers of India meeting held on 24 June 2010. [7] However, the decision was deferred at the request of the Finance Minister, [8] and the final decision was made when that met again on 15 July 2010, [9] when they chose the symbol created by Udaya Kumar, Associate Professor IIT Guwahati. [10]

The Union budget of India for 2010–11 was presented by Finance minister Pranab Mukherjee in the Lok Sabha on Friday, February 26, 2010.

Pranab Mukherjee 13th President of India

Pranab Mukherjee is an Indian politician who served as the 13th President of India from 2012 until 2017. He is a Bharat Ratna awardee, awarded in 2019 by President of India Shri Ram Nath Kovind. In a political career spanning five decades, Mukherjee has been a senior leader in the Indian National Congress and has occupied several ministerial portfolios in the Government of India. Prior to his election as President, Mukherjee was Union Finance Minister from 2009 to 2012.

Udaya Kumar (designer) Indian designer

Udaya Kumar Dharmalingam born 10 October 1978 in Kallakurichi, Tamil Nadu is the designer of the Indian rupee sign. His design was selected from among five short listed symbols. According to Udaya Kumar the design is based on the Indian tricolour.

Design

The new sign is a combination of the Devanagari letter "" ("ra") and the Latin capital letter "R" without its vertical bar (similar to the r rotunda "Ꝛ"). The parallel lines at the top (with white space between them) are said to make an allusion to the tricolor Indian flag. [11] and also depict an equality sign that symbolizes the nation's desire to reduce economic disparity. [12]

Devanagari Writing script for many Indian and Nepalese languages

Devanagari, also called Nagari, is a left-to-right abugida (alphasyllabary), based on the ancient Brāhmī script, used in the Indian subcontinent. It was developed in ancient India from the 1st to the 4th century CE, and was in regular use by the 7th century CE. The Devanagari script, composed of 47 primary characters including 14 vowels and 33 consonants, is one of the most adopted writing systems in the world, being used for over 120 languages. The ancient Nagari script for Sanskrit had two additional consonantal characters.

Flag of India national flag of the Republic of India

The National Flag of India is a horizontal rectangular tricolour of India saffron, white and India green; with the Ashoka Chakra, a 24-spoke wheel, in navy blue at its centre. It was adopted in its present form during a meeting of the Constituent Assembly held on 22 July 1947, and it became the official flag of the Dominion of India on 15 August 1947. The flag was subsequently retained as that of the Republic of India. In India, the term "tricolour" almost always refers to the Indian national flag. The flag is based on the Swaraj flag, a flag of the Indian National Congress designed by Pingali Venkayya.

The final selected symbol was designed by D. Udaya Kumar, a Bachelor of Architecture and visual design student at the Industrial Design Centre, IIT Bombay. The thoughts and philosophy behind the design are explained in this presentation. [12]

The Bachelor of Architecture (B.Arch.) is a bachelor's degree designed to satisfy the academic requirement of practicing architecture.

Approval

Ministry of Finance and Department of Economic Affairs of the Government of India had finally approved the sign. The approval was given by Sushil Kumar, Under Secretary of the Government of India. [13]

Controversy

The Indian rupee sign selection process was challenged in the Delhi High Court, [14] by petitioner Rakesh Kumar, who was a participant in the competition, described the process as “full of discrepancies” and “flawed”, and named the Finance Ministry and the chairman of Indian Rupee Symbol Selection Committee as respondents. [14] On 26 November 2010, the Delhi High Court single bench dismissed the writ petition, stating there was no justifiable ground for the stated allegations. [15]

However, later The Hon’ble High Court of Delhi, on 30 January 2013, in W.P. (c) 2449/2012 titled Rakesh Kumar Singh Vs. Union of India (PIL) filed through lawyer Kamal Kumar Pandey, listed before the Division bench of Hon’ble Chief Justice and V. K. Jain J., taking cognizance of and in view of the irregularities and arbitrariness involved in Public Competitions (Indian Rupee, UIDAI, I Mark, Indian railway for Common Wealth, RTI) for designing Symbols/Logos or designing Logos by other methods of important national bodies/institutions, in their historic judgment directed all the ministries of the Government of India to formulate/prepare guidelines to ensure transparency, wider participation of public and also that such guidelines should be of uniform nature and in uniformity with each others.

On 11 April 2013, Finance Ministry formed the guidelines for conducting public competitions for design of symbol/logo.

Usage

New two-rupee coin with the Rupee sign. Indian two rupees coin with symbol (2011).jpg
New two-rupee coin with the Rupee sign.

Upon the symbol’s adoption in July 2010, the Indian government said it would try to adopt the sign within six months in the country and globally within 18 to 24 months. [9]

Major banks have also started printing cheques with the new Indian rupee sign, where the traditional ₨ sign was used. The Indian Postal Department also started printing postage stamps with this new Indian rupee sign, when it issued the Commonwealth Games commemorative stamps on 3 October 2010. [16] In his budget speech on 28 February 2011, the finance minister, Pranab Mukherjee, announced that the sign will be incorporated in future coin issues. [17] Coins of denomination of 1, 2, 5 and 10 with the new rupee symbol have been put into circulation. [18] [19] As of January 2012, the new Indian rupee sign has been incorporated in the currency notes in the denominations of 10, 100, 500 and 1000 [20] [21] [22] [23] and as of 12 April 2012 this was extended to denominations of 20 and 50. [24]

Unicode

On 10 August 2010, the Unicode Technical Committee accepted the proposed code position U+20B9INDIAN RUPEE SIGN (HTML ₹ ·graphic: Indian Rupee symbol.svg ). [25] The character has been encoded in the Unicode 6.0, and named distinctly from the existing character U+20A8RUPEE SIGN (HTML ₨), which will continue to be available as the generic rupee sign. [26] [27]

Ubuntu became the first operating system to support the Indian rupee symbol by default. Since its 10.10 version it has supported the symbol out of the box, [28] as it was added to the Ubuntu font family by a contributor. [29] Since then, it has been included in various GNU/Linux distributions.

On 18 May 2011, Microsoft released an update KB2496898 to Windows Vista, Windows Server 2008, Windows 7 and Windows Server 2008 R2 operating systems to include support for this new Indian rupee symbol. [30] With the Windows update, it is now possible to use alt code text entry to obtain the Indian Rupee symbol – Alt+8377. On systems running Windows 8, the symbol can be typed using the English (India) keyboard layout with the key combination Alt Gr+4.

Apple Inc. has added support for the rupee symbol with iOS 7. [31] Mac OS X Lion (10.7) also includes the new Indian rupee symbol and can be found in the Character Viewer. As of Mac OS X Mountain Lion (10.8), users using the Devanagari keyboard can enter the new Indian rupee symbol by typing ⌥ Option-4 (a combination that yields the Cent symbol on a US keyboard layout).

Sailfish OS also provides the symbol in its default keyboard.

See also

Related Research Articles

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Coins of the Indian rupee were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of ₹1, ₹2, ₹5, and ₹10. All of these are produced by four mints located across India, in Kolkata, Mumbai, Hyderabad and Noida.

Finance Secretary

The Finance Secretary is the Permanent Secretary-level civil servant, who plays a leadership role in the bureaucracy of the Finance Ministry, Government of India.

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Mahatma Gandhi Series Indian banknotes

The Gandhi Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of Indian rupee. As the name suggests, the series is so called because the obverse of the banknotes prominently display the portrait of Mahatma Gandhi. Since its introduction in 1996, this series replaced all Lion Capital Series banknotes issued before 1996. The Reserve Bank of India (RBI) introduced the series in 1996 with 10 and 500 rupee banknotes.

Indian 1000-rupee note

The Indian 1000-rupee banknote was a denomination of the Indian rupee. It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of 1000, 5,000, and 10,000 were demonetized in order to curb unaccounted cash money.

Indian 500-rupee note 500 Rupee note Used in India

The Indian 500-rupee banknote is a denomination of the Indian rupee. The current ₹500 banknote, in circulation since 10 November 2016, is a part of the Mahatma Gandhi New Series. The previous banknotes of the Mahatma Gandhi Series, in circulation between October 1997 and November 2016, were demonetised on November 8, 2016.

Indian 100-rupee note One hundred rupee note used in India

The Indian 100-rupee banknote is a denomination of the Indian rupee. It has been in continuous production since Reserve Bank of India took over the functions of the controller of currency in India in 1935. The present 100 banknote in circulation is a part of the Mahatma Gandhi Series. These notes are in circulation along with the Mahatma Gandhi New Series of banknotes which were introduced in July 2018.

Indian 50-rupee note

The is a denomination of the Indian rupee. The present 50 banknote in circulation is a part of the Mahatma Gandhi New Series of banknotes.However, 50 banknotes of the previous series( Mahatma Gandhi Series) will continue to be legal tender.

Indian 20-rupee note

The Indian 20-rupee banknote is a common denomination of the Indian rupee. The current 20 banknote in circulation is a part of the Mahatma Gandhi Series. The Reserve Bank introduced the 20 note in the Mahatma Gandhi Series in August 2001. Making it one of the last denominations of the series to be introduced in the series; other than the 5, which was introduced in November 2001.

Indian 10-rupee note

The Indian 10-rupee banknote is a common denomination of the Indian rupee. The 10 note was one of the first notes introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996. These notes are presently in circulation along with the Mahatma Gandhi New Series which were introduced in January 2018, this is used alongside with 10 rupee coin.

Indian 2000-rupee note Highest value banknote of the Indian rupee

The Indian 2000-rupee banknote (₹2000) is a denomination of the Indian rupee. It was released by the Reserve Bank of India (RBI) on 8 November 2016 after the demonetisation of ₹500 and ₹1000 banknotes and has been in circulation since 10 November 2016. It is a part of the Mahatma Gandhi New Series of banknotes with a completely new design.

Indian 10-rupee coin

The Indian 10-rupee coin is a denomination of the Indian rupee. The ₹10 coin is the highest-denomination coin minted in India since its introduction in 2005. The present ₹10 coin in circulation is from the 2011 design. However, the previous ₹10 coins minted before 2011 are also legal tender in India. All ₹10 coins containing with and without the rupee currency sign are legal tender, as stated by the Reserve Bank of India. Along with the standard designs, there are 21 different designs for this denomination and are minted as circulating commemorative coins, this is used alongside the 10 rupee banknote.

Indian 200-rupee note

The Indian 200-rupee note (₹200) is a denomination of the Indian rupee. Post 2016 Indian banknote demonetisation, the new currency notes have been announced by the Reserve Bank of India-- ₹2,000, ₹500, ₹200, ₹100, ₹50, ₹20 and ₹10.

References

  1. "Cabinet approves new rupee symbol". Times of India. 15 July 2010. Retrieved 15 July 2010.
  2. "Archived copy" (PDF). Archived from the original (PDF) on 31 May 2013.CS1 maint: Archived copy as title (link) COMPETITION FOR DESIGN
  3. "India seeks global symbol for rupee". Hindustan Times . 6 March 2009. Retrieved 7 March 2009.
  4. "Cabinet defers decision on rupee symbol". Sify Finance. 24 June 2010. Retrieved 10 July 2010.
  5. 1 2 "List of Five Entries which have been selected for Final". Ministry of Finance, Govt of India. Archived from the original on 11 July 2010. Retrieved 15 July 2010.
  6. "Rupee: Which of the 5 final designs do you like?". Rediff Business. 16 June 2010. Retrieved 26 July 2010.
  7. "Rupee to get a symbol today!". Money Control.com. 26 February 2010. Retrieved 10 July 2010.
  8. "Cabinet defers decision on rupee symbol". PTI. 24 June 2010. Retrieved 10 July 2010.
  9. 1 2 "Cabinet approves new rupee symbol". Times of India. 15 July 2010. Retrieved 15 July 2010.
  10. "Department of design/ faculty". Iitg.ernet.in.
  11. "Indian Rupee Joins Elite Currency Club". Theworldreporter.com. 17 July 2010.
  12. 1 2 "Currency Symbol for Indian Rupee" (PDF). Idc.iitb.ac.in. Retrieved 14 November 2018.
  13. approval by Ministry of finance. Approval of Indian Rupee symbol (PDF). Retrieved 1 August 2015.
  14. 1 2 Nair, Harish V (23 November 2010). "'Rs' selection process challenged in High Cout[sic]". Hindustan Times . Archived from the original on 24 November 2010. Retrieved 25 November 2010.
  15. "W.P.(C) No. 7915 of 2010 & CMs 20440-41/2010". Scribd. Retrieved 28 February 2011.
  16. "Archived copy". Archived from the original on 27 April 2011. Retrieved 19 April 2011.CS1 maint: Archived copy as title (link)
  17. "Archived copy". Archived from the original on 9 June 2012. Retrieved 19 April 2011.CS1 maint: Archived copy as title (link) Coins with new Rupee symbol soon
  18. "Issue of new series of Coins". RBI. Retrieved 4 November 2011.
  19. "This numismatist lays hands on coins with Rupee symbol". Times of India. 29 August 2011. Retrieved 4 November 2011.
  20. "Issue of ₹10 Banknotes with incorporation of Rupee symbol". RBI. Retrieved 23 January 2012.
  21. "Issue of ₹ 500 Banknotes with incorporation of Rupee symbol". RBI. Retrieved 23 January 2012.
  22. "Issue of ₹ 1000 Banknotes with incorporation of Rupee symbol". RBI. Retrieved 23 January 2012.
  23. "Issue of ₹ 100 Banknotes with incorporation of Rupee symbol". RBI. Retrieved 23 January 2012.
  24. "RBI to issue Rs 20 and Rs 50 notes with the new rupee symbol". Economic Times. 12 April 2012. Retrieved 30 April 2012.
  25. Michael Everson (19 July 2010). "Proposal to encode the INDIAN RUPEE SIGN in the UCS" (PDF). Retrieved 30 July 2010.
  26. "Unicode Currency Chart" (PDF). Unicode.org.
  27. "U+20B9: Rupee gets Unicode identity". Livemint.com.
  28. "The Ubuntu Font, now with added Rupee - blogs.kde.org". Blogs.kde.org.
  29. Canonical. "Ubuntu font". Font.ubuntu.com.
  30. "Archived copy". Archived from the original on 26 March 2011. Retrieved 26 March 2011.CS1 maint: Archived copy as title (link)
  31. Agrawal, Rajat (27 June 2013). "iOS 7 brings India specific English keyboard". BGR India.