Govt. of India was trying to finalized a symbol for Indian Currency “Rupee” like the US dollar ($), the euro (€), the Japanese yen (¥) or the pound sterling (£). So far Indian “Rupee” was represented by “Rs.” or “INR”. The reason for getting a symbol could be India’s growing influence on global economy. Unlike a host of global currencies, the Indian rupee does not have a unique symbol and “Rs” is the abbreviated form which it shares with currencies from Nepal, Pakistan, Sri Lanka and Seychelles. Similarly, the US shared the dollar ($) symbol with a host of currencies ranging from the Canadian dollar, to that of Australia and Hong Kong.
More than a year contest and drama of selecting the Indian Rupee symbol is over as Information and Broadcasting Ministry released the Rupee symbol.