when was new rupee symbol was selected by union cabinet
Indian rupee sign The Indian rupee sign (sign: ₹; code: INR) is the currency sign for the Indian rupee, the official currency of India. Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010,[1] following its selection through an “open” competition among Indian residents. The symbol uses U+20B9 ₹ Indian Rupee Sign Unicode character. Before its adoption, the most commonly used symbols for the rupee were Rs, Re or, if the text was in an Indian language, an appropriate abbreviation in that language. The new sign relates solely to the Indian rupee; other countries that use a rupee, such as Sri Lanka, Pakistan and Nepal, still use the generic U+20A8 ₨ Rupee Sign character.
Indian 1000-rupee note The Indian 1000-rupee banknote (₹1000) was a denomination of the Indian rupee. It was first introduced by the Reserve Bank of India in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of ₹1000, ₹5000, and ₹10,000 were demonetized in order to curb unaccounted cash money.[1][2]