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Started by : Kavitha Shankar, Sr/Principal Coresspondent, ABC   02 27 2010 10:08:14 +0000
Industry : BankingFunctional Area : India(Markets)
Activity:  189 views;  last activity : 07 18 2010 13:31:36 +0000

The Indian Rupee will this fiscal join the elite league of global currencies like US dollar, British Pound and Euro that have their unique symbols.While these foreign currencies have their own unique symbols, other than their abbreviations like USD and GBP, Rupee is only referred to by the abbreviation 'Rs'. Moreover, the same abbreviated forms are also in neighbouring countries like Pakistan, Nepal and Sri Lanka rupee.

http://www.mountainbikekerala.com/images/Indian_Rupee.jpg

The decision to have a symbol for Rupee was taken by the government last year. It was also decided to invite designs from the public for the new symbol. The best design will be selected & the designer will be awarded.

So, do you have any suggestion like what should the symbol look like or what should it symbolise?

 
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1 2 3 4 5
1 It should reflect indian culture
2 INR is already known wordlwide as Indian Rupee
3 Similarity with established International Currencies
4 Much simlar to the US dollsr or UK pound with R and two lines perpendicular, parellel
5 Understandable to common man
6 )I(
7 negative impact on indian economy

It should reflect indian culture

idea posted by Kavitha Shankar Sr/Principal Coresspondent, ABC

The symbol should be something that would reflect some aspects of indian culture or india as a whole. It should be free of any pictures or images. It should be distinct & attractive & appealing.

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by Ranjeet Kumar, Policy & Strategy, ******  | 07 20 2010 15:50:32 +0000

Since all colors,denominations(e.g.,satya mayo jayate,15 languages) on Indian rupee represent socio-cultural,linguistic sentiments of people;so,symbol should reflect Indian culture.

1
  

well ofcourse, it should reflect Indian culture and should be unique as well as user friendly!

1
  

yes it should reflect the Indian Culture and ethos....particularly the present day mind set. It should also be simple and easy to write.

How about R with vertical line on it ? I am not trying to copy the US dollar but it would be more logical to have this and would be easy to write.

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INR is already known wordlwide as Indian Rupee

idea posted by jaideep khanduja Head of the Department - QA and Project Management, Confidential

You are wrong that it is known as Rs. which is common term for india, pakistan etc. but in international scenario, on financial institutes front, banks, currency converters everyone known that INR is Indian Rupee.

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by Navjeet Sood, Business Head, ADI Media Pvt Ltd  | 03 02 2010 05:44:36 +0000

Abbreviated form and symbols of currencies of all countries have existed ever since and yes, I agree with Jaideep since Indian Rupees is already known as INR world over. So what if we do not have a symbolic representation to Indian Rupee, I'm sure no further value would be added just by symbolising the currency. Government would first propose and create a symbol, and then spend tons of money in altering the infrastructure and popularising it.

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Agree with Jaideep, for the sake of ease we should adopt it.

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Similarity with established International Currencies

idea posted by Dr. Kirpal Singh Ex. Director/Principal, Free lance Author and Consultant

Rupee concerns money and international status means similarity with international norms. Now established currencies like American Dollar and British Pound have symbols of one letter with a vertical line. Thus it does not make any sense to link the symbol with culture. My suggestion is Letter R with a vertical line.

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1
  

1.The idea of Mr Tata shown separately at serial no 4 is the same as mine. it should ,therefore, be shown supporting my idea.

2.Appreciation or depreciation is not shown by any currency symbol. So remark of Ms Prerna is not clear.

0
  

But how can u come to know currency appreciate or depreciate.

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Much simlar to the US dollsr or UK pound with R and two lines perpendicular, parellel

idea posted by Tata V.S. Kameswara Rao Proprietor, Deals-on-Wheels

May be like this

0
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Understandable to common man

idea posted by Kumara Swamy Project Associate, IIIT-H

The symbol should be understandable to the common man in India. We know that still there is a huge amount of illiteracy is existed in India, therefore we need a currency symbol which can be understandable to those people in the country. Other factors such as culture, international acceptable, etc., I hope they are less importance than our own people.

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idea posted by vijay Engineer-Manufacturing Engineering, DTVS

the symbol can be used as it replicates the asoka chakra......3 lions symbolised by 2 brackets on either side and the centre lion by straight line

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negative impact on indian economy

idea posted by Prerna Arora MBA/PGDM student, Shri Gujrati Institute Of Professional Studies, Indore

It should be Indian rupee only because  economy may fall down and  problems will arise for international trade.

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