The Finance Minister, Shri Pranab Mukherjee announced in his Budget speech in Lok Sabha on friday that it is proposed to formalize a symbol for the Indian Rupee in the ensuing years. The proposed symbol will appropriately reflect and capture the Indian ethos and culture.

With this, Indian Rupee will join the select club of currencies such as the US Dollar, British Pound Sterling, Euro and Japanese Yen that have a clear distinguishing identity, said the Finance Minister.

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