The Union Cabinet on Jul 15,

2010 approved the design, which

includes both the Devnagiri 'Ra' and
the Roman capital 'R' and has two
parallel lines running at the top. The
parallel lines symbolise the equal to
sign

The symbol selected has been

designed by an Indian Institute of
Technology-Bombay postgraduate D
Udaya Kumar and was selected from
among five short listed symbols.

Unicode is an international
standard that allows text data to be
interchanged globally without
conflict.

Unicode is an international
standard that allows text data to be
interchanged globally without
conflict.

Political dimension
While the U.S. dollar, the British
pound, the euro and the Japanese
yen are widely traded currencies,
Indian rupee is only partially
convertible.
Further, majority of world's
currencies are also floating.
Convertible currencies are defined as
currencies that are readily bought,
sold and converted without the
permission from a central bank or
government entity. The Indian rupee
is only partially convertible as the
centralbankcontrolsthe
international investments flowing in
and out of the country.

Capital Flows