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India's New Bling

Posted on July 16, 2010 by Elizabeth Van Brocklin
Topics: Economic Development, Globalization
Countries: India
The new rupee sign merges the Devanagari character "र" with the Roman letter "R." Photo: <a href="http://en.wikipedia.org/wiki/Indian_rupee_sign">Courtesy of Wikipedia</a>.
The new rupee sign merges the Devanagari character "र" with the Roman letter "R." Photo: Courtesy of Wikipedia.

This week, India joined the club of major global currencies with the introduction of its new symbol for the rupee. Many view the news as emblematic of India's thriving economy, which is becoming progressively stable despite the world's financial woes, says the Christian Science Monitor.

Information and Broadcasting Minister Ambika Soni explained the symbol's importance to The Times of India:

It's a big statement on the Indian currency ... The symbol would lend a distinctive character and identity to the currency and further highlight the strength and global face of the Indian economy.

India plans to fully adopt the rupee sign within six months, and the rest of the world can expect to transition in the next two years.

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Keywords: global economy, Rupee

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