History of the rupee symbol: how it came into existence?
Workers remove rupee symbol installed at mahim junction, Mumbai. Image used for representation only. | Photo Credit: Vijay Bate The DMK-led Tamil Nadu government has decided to remove the official rupee symbol (₹) from the state’s Budget 2025, replacing it with the Tamil script. This marks the first time a state has rejected the national currency symbol, taking its resistance to the National Education Policy (NEP) to a new level. The rupee symbol ‘₹’ was designed by Udaya Kumar, the son of a former DMK MLA and currently an IIT professor. Editorial | Currency concerns: on the rupee The M.K. Stalin government has replaced the rupee symbol with the Tamil letter for ‘Ru’ in the state budget logo, amid the ongoing three-language controversy. How did this symbol come into existence? Before 2010, the Indian rupee was often abbreviated as “Rs” or “INR” in international markets, leading to confusion with other currencies like the Pakistani and Sri Lankan rupees. In 2009, the Ministry of Finance announced a national competition, inviting designers, artists, and the general public …
