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New Face Of Indian Currency
By KTM Metro Reporter
July 15, 2010: the Indian currency gets a new face after the Indian cabinet of ministers has decided to give it a new symbol today; they still call it Indian rupee despite their attempt to differentiate it from the Nepalese, Sri Lankan and Pakistani rupee, and Indonesian rupiah. However, the new symbol will give a new identity to the Indian currency.
D Udaya Kumar of Department of Design at IIT Guwahati, India has designed the symbol of the Indian currency. Mr. Kumar has said that his design follows the Indian tri-color national flag thus making it the representation of it. Mr. Kumar won US $ 5,000 after the Indian government accepted his design of the Indian currency. He is one of the 3,000 contestants that have submitted their designs for the Indian currency.
The new symbol of the Indian currency is the combination of ‘Ra’ of the devanagari script and the Roman letter "R” and reflects and captures the Indian ethos and culture, the statement released by the Indian cabinet said. It will lend a distinctive character and identity to the currency and better distinguish the Indian currency from other countries such as Nepal, Pakistan, Sri Lanka and Indonesia that also have the rupee or rupiah for their currencies.
