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Indian rupee symbol in graphic form. The new sign is a combination of the Devanagari letter र ("ra") and the Latin capital letter R without its vertical bar. The parallel lines at the top (with white space between them) makes an allusion to the tricolour Indian flag and also depict an equality sign that symbolizes the nation's desire to reduce economic disparity.
The rupee sign " ₨ " is a currency sign used to represent the monetary unit of account in Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, and formerly in India. It resembles, and is often written as, the Latin character sequence "Rs", of which (as a single character) it is an orthographic ligature. It is common to find a punctuation mark ...
Rupee is derived from rupya or rūpiya, which was used to denote various coins in usage since 4th century BCE. [54] The Indian rupee symbol, adopted in July 2010, is a combination of Devanagari "Ra" and the Roman letter "R" with two parallel horizontal lines at the top which represent the national flag and indicate equality. [52] National calendar
The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
The most commonly used symbol for the rupee is "₨". India adopted a new symbol (₹) for the Indian rupee on 15 July 2010. In most parts of India, the rupee is known as rupaya, rupaye, or one of several other terms derived from the Sanskrit rūpya, meaning silver. Ṭaṅka is an ancient Sanskrit word for money.
The Digital Rupee (e₹) [39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [41] Digital Rupee is using blockchain distributed-ledger technology. [42]
v. t. e. The Devanagari numerals are the symbols used to write numbers in the Devanagari script, predominantly used for northern Indian languages. They are used to write decimal numbers, instead of the Western Arabic numerals.
The Rupee sign may be made visible on some word-processors also where the font is not installed in the system, by choosing to embed the font in the document in file saving options. However, embedding the Foradian Rupee Font renders the document read-only, i.e., the document cannot be edited on a system where the font is not installed.