So, at last, the humble rupee has a symbol.
After sitting on a shortlist of five symbols for weeks, a jury of five has finally picked a winner and gained it the nod of the Indian cabinet too.
Information and Broadcasting Minister Ambika Soni, who announced the winning entry (seen on left) said, “It denotes the robustness of the Indian economy.”
“The symbol for the Rupee would lend a distinctive character and identity to the currency and further highlight the strength and robustness of the Indian economy as also a favoured destination for global investments,” an official statement went on to add of the winning design by IIT post-graduate D Udaya Kumar.
But seriously does the exercise serve any purpose beyond adding another key to our already cluttered computer keyboards?
Did we as a nation have such a crying need for a symbol for our currency? Weren’t we doing well even without it?
Symbols, after all, are for those who are yet to find an identity. Isn’t our economy well and truly past that stage already?
What it seems like sadly is another instance of us blindly aping the West – the ‘financial superpowers’ like the US, the Britishers and the European Union countries. Since they have it, we too had to.
Talking of robustness of economy, will this exercise help curb inflation?
Will it trigger a mad rush of investments?
Or will it help empower the countless millions below the poverty line?
As for the symbol itself, the less said, the better.
Rs was easy to write, type.
The new symbol, meanwhile, requires quite some getting used to.
Even the government admits it will be at least a year before it gains wider currency as it needs the approval of the international unicode consortium’s technical committee.
A symbol expressing the strength of the Indian economy needing an international consortium’s rubber-stamp… Ironical, is it not?