India Gets its Unique Rupee Symbol

The Indian Rupee has got its unique official symbol (र with a double-strike). Sify Finance and IANS reports

After delaying its verdict by many weeks, a five-man jury finally chose IIT post-graduate D Udaya Kumar's design as the symbol of the Indian currency from shortlisted entries in an all-India contest late on Wednesday.... Kumar's symbol... is formed by the merger of the Devanagari 'Ra' and the Roman capital 'R' without the stem. [Sify News]

According to The Economic Times,

Kumar's entry was chosen from 3,000 designs competing for the currency symbol. He will get an award of Rs 2.5 lakh.[The Economic Times]

So, the Rupee doesn't need to be just abbreviated as Rs. or INR any longer, it can be represented with its own unique symbol, even as $ or £ are represented for Dollar and Pound. But, it'll take a bit of time for it to settle down on the market.