Thursday, July 15, 2010

The Hindu Business Line : New rupee symbol reflects strength of economy

The Hindu Business Line : New rupee symbol reflects strength of economy

Wow. What an exciting news? The Indian Rupee is different now with a new symbol. Almost on par with US Dollar, British Pound, Japanese Yen or Euro as a currency with a symbol. The explanation is also exciting. GOI and RBI as well as the designer Mr Uday Kumar deserve all the appreciation to have shaped this. It will certainly indicate Rupee's distinction over the neighbouring countries like Pakistan, Sri Lanka, Bangla Desh, etc. May be this step would cost the exchequer a few hundred crores for introduction, but it is worth it. The authorities have not indicated the date from which the new symbol will come into force and mechanism to introduce. We need to wait and watch for developments.

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