In the Uniod Budget 2010 speech, the finance minister Pranab Mukherjee announced that the Indian rupee will soon join a select league of global currencies by having a distinct symbol. He said “In the ensuing year, we intend to formalise a symbol for the Indian rupee, which reflects and captures the Indian ethos and culture,” He also added “With this, the Indian rupee will join the select club of currencies such as the US dollar, British pound sterling, Euro and Japanese yen that have a clear distinguishing identity”. Now the question arises that what should be the symbol of Indian Rupee?
The US Dollar is represented by $, the euro by, the Japanese yen by ¥ and the pound sterling by £ so in my opinion, the symbol of Indian Rupee should be something different, something unique. Also, the symbol should represent the great historical and cultural background of the nation. You can also see these 19 suggestions from ET’s team of designers. However, none of these 19 symbols looks suitable for becoming the symbol of Rupee.