The Union cabinet of the Indian government unveiled a new rupee symbol joining the club of other international currencies, such as, dollar, pound sterling, euro and the yen. The new currency symbol reflects India’s aspiration to become a leading player on international financial markets.
The new symbol represents:
An amalgamation of the Devanagari ‘Ra’ and the Roman capital ‘R’ without the stem.
The new symbol has a lot of similarities with the euro and many felt it should have been more Indian. But there is no doubt that this symbol make the rupee more internationally recognizable.Proper marketing campaign is necessary to create an awareness and to bring it to everybody's notice.
On the international front, India’s status in international financial markets will go up one notch and and will bring some visibility to the Indian currency.
Get Connected
Popular Posts
-
Trading holidays for the calendar year 2023. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar ye...
-
What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in stand...
-
In continuation of earlier article about the basics of Exchange Traded Funds (ETFs) and pros and cons of investing in ETFs , let us look...
-
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers....
-
What is Gift Nifty? Gift Nifty is a new identity given to SGX Nifty, available for trading in NSE IX with effect from July 3. Instead of Si...