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
-
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...
-
Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quo...
-
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers....
-
United Bank of India , a PSU Bank is coming out with an IPO of 50 million shares of Rs.10 each at a price band of Rs.60- Rs.66. The bank has...
-
Once couldn't find better time to write about this top performing fund than now, as its Net Asset Value (NAV) hits all-time high . Yes...