Indian Rupee Gets Its Own Symbol : The Two-Way It joins the dollar, yen, euro, and pound.

Indian Rupee Gets Its Own Symbol

We identify major world currencies with symbols.

Dollar: $

Pound sterling: ₤

Japanese yen: ¥

Euro: €

'til today, the Indian rupee didn't have one of its own.

In 2009, designers were invited to participate in a national competition, "to come up with a symbol that captures the ethos and culture of India." Some 3,000 people participated.

D. Udaya Kumar displays the new symbol of the Indian rupee, which he designed. AP hide caption

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According to the BBC, "a panel of artists, officials and bankers picked the new design," which "is made up of half the letter R with a horizontal line on top and in between to make it also look like its equivalent in the Devanagari script, which is used in a number of Indian languages including Hindi and Sanskrit."

Heather Timmons, reporting for The New York Times, says "it looks like a capital letter R, minus its vertical leg, and with two added horizontal lines through the upper, curved portion."

D. Udaya Kumar, a research scholar at the Indian Institute of Technology, designed it. He has earned a monetary reward and a faculty appointment.