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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.
Kumar conceptualised the design for Rupee symbol for Indian currency. The symbol is created using the Devanagari letter र 'Ra' and Roman capital letter 'R'. The letters are derived from the word Rupiah in Hindi and Rupees in English, so the symbol is meaningful to both Indians and international users.
The Indian rupee (symbol: ₹; code: INR) is the official currency in the Republic of India. The rupee is subdivided into 100 paise ( Hindi plural; singular: paisa ). The issuance of the currency is controlled by the Reserve Bank of India .
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.
In Hindi, a lakh is called लाख lākh and a crore is called करोड karoḍ. A hundred crore is called अरब arab; In Kannada, a lakh is called ಲಕ್ಷ lakṣha and a crore is called ಕೋಟಿ kōṭi; In Khasi, a lakh is called lak and a crore is called klur or krur. A billion is called arab and hundred billion is called ...
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.
When India obtained independence from the British Raj on 15 August 1947, the tricolour flag officially became the first national symbol of the Dominion of India. [2] The Indian Rupee which was in circulation earlier was adopted as the official legal tender after independence. [3]
Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage.