Indian rupee all set to get symbol

20:56, June 24, 2010      

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The Indian rupee will soon join the elite club of major currencies like the dollar, euro, pound sterling and yen to have a unique identification symbol, said government officials Thursday.

The government will decide on the matter late Thursday and is likely to approve a symbol reflecting the Hindi alphabet standing for "R".

The proposal, said to be prompted by the growing influence of the Indian economy in the global arena, involves a shortlist of five symbols for the Indian rupee drawn up the finance ministry, reflecting the Indian ethos and culture.

The five-shortlisted signs are simple, easy to write and designed to appeal to Indian and international community.

The rupee is only referred to by the abbreviation "Rs" or "Re" or sometimes as INR while major foreign currencies have their own distinct symbols, in addition to their abbreviations.

The same abbreviated forms -- "Rs" or "Re" -- are also used in neighboring countries such as Pakistan, Nepal and Sri Lanka.

Source: Xinhua

(Editor:赵晨雁)

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