IIT Post-Graduate D Uday Kumar entered his name in the history book, as his Rupee design was approved by the panel. The new design reflects Indian ethos and culture, as required by Finance Minister Pranab Mukherjee.
Uday Kumar’s design was selected from a pool of five symbols. The decision was taken by a five-member panel. It was approved by the Union Cabinet The new symbol will be used globally like the Dollar ($) and Pound (£).
Udaya Kumar’s Rupee symbol contains the Devanagari ‘Ra’ and the Roman capital ‘R’. The main criteria was that it should fit the standard keyboard and be in the national language script.
Uday Kumar’s Rupee symbol is based on two concepts – Indian Tricolour and Arithmetic. Uday Kumar will be get a cash reward of Rs 2.5 lakh. He is a student of IIT, Mumbai.