Currency Symbols : The rupee is in for a change
Finance Thursday, July 15th, 2010“The unique symbol will give Indian Rupee a place of its own in the world financial market, making it easily tradeable in the West. It will also establish the supremacy of the Indian economy and the prowess of the Indian Rupee,” says K. Narasimha Murthy, IDBI director.
Symbolism of money
The symbol will also give a distinct identity to the Indian currency as neighbouring countries like Pakistan, Nepal and Sri Lanka also use the abbreviated letters Rs for their money. “This is leading to confusion in the world financial market. A unique symbol for the Indian currency is the need of the hour,” Murthy points out.
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