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Wednesday, February 8, 2012

Rupee Symbol - Rupees 5 - India Republic - 2011

Posted by Anantha Narayanan at 3:47 AM Labels: Coins I Own , India , Rupees
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The Indian rupee sign is the currency sign used for the Indian rupee, the official currency of India. It is relatively new, the design only having been presented to the public by the Government of India on 15 July 2010, following its selection through an open competition among Indian residents. Before its adoption, the most commonly used symbols for the rupee were Rs, Re or, if the text was in an Indian language, an appropriate abbreviation in that language.

Upon the symbol's adoption in July 2010, the Indian government said it would try to adopt the sign within six months in the country and globally within 18 to 24 months. The Indian rupee sign is now used in all leading newspapers and can be seen on price tags for products, and for various articles in papers where currency is used, this new sign being adopted instead of previous sign (Rs). Major banks have also started printing cheques with the Indian rupee sign where the traditional "₨" sign was used. The Indian Postal Department has also started printing postage stamps with the Indian rupee sign, when it issued the Commonwealth Games commemorative stamps on 3 October 2010.

In his budget speech on 28 February 2011 the finance minister Pranab Mukherjee announced that the sign will be incorporated on future coin issues. Coins of denomination of Rupees 1,2,5 and 10 with the new Rupee Symbol have been put into circulation. As of January 2012, the new Indian rupee sign has been incorporated in the currency notes in the denomination of s 10, 100, 500 and 1000.

The new sign is a combination of the Devanagari letter "र" (ra) and the Latin capital letter "R" without its vertical bar (similar to the R rotunda). The parallel lines at the top (with white space between them) are said to make an allusion to the tricolor Indian flag and also depict an equality sign which symbolizes the nation's desire to reduce economic disparity. The final selected symbol was designed by D Udaya Kumar, a B.Arch and student of visual communication at the Industrial Design Centre, IIT Bombay. The thoughts and philosophy behind the design can be seen in a presentation.

The Rupees 5 information is as below:

CountryIndia - Republic 
Year2011
Value5 Rupees
5 INR = 0.10 USD
MetalNickel-brass
Diameter23 mm
ShapeRound
OrientationMedal alignment ↑↑


Information Courtesy: Wikipedia, Coin Information Courtesy: Numista
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