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 rupee During his five-year rule from 1540 to 1545, Sultan Sher Shah Suri issued a coin of silver, weighing 178 grains (or 11.53 grams), which was termed the Rupiya.[16][17] During Babar's time, the brass to silver exchange ratio was roughly 50:2.[18] The silver coin remained in use during the Mughal period, Maratha era as well as in British India.[19] Among the earliest issues of paper rupees include; the Bank of Hindustan (1770–1832), the General Bank of Bengal and Bihar (1773–75, established by Warren Hastings), and the Bengal Bank (1784–91).