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New Indian Rupee Symbol: The Indian rupee is the official currency of India. The issuance of the currency is controlled by the Reserve Bank of India.

On 15 July 2010, the Indian Cabinet selected the much awaited symbol for the rupee. It is an amalgamation of Devanagri “र” and the Roman “R” without the stem. The most commonly used symbols for the rupee are Rs., or as Re. or रू or ரூ (Tamil) or రూ. (Telugu).

The modern rupee is subdivided into 100 paise (singular paisa). The coins have a nominal value of 5, 10, 20, 25 and 50 paise as well as 1, 2, 5 and 10 rupee. The banknotes are available in a nominal value of 5, 10, 20, 50, 100, 500 and 1000 rupee.

5 symbols had been short listed and one of them was to be finalized at the Union Cabinet meeting held on 24 June 2010. The decision was deferred by a request of the Finance Minister, and it was decided when they met again on 15 July 2010, and selected the symbol created by by IIT post-graduate student D Udaya Kumar was selected. The new symbol is a blend of the Devanagari ‘र’ and the Roman capital ‘R’ without the stem.