Tuesday, July 27, 2010

New 10 Rupee Coin

Indian rupee
The Indian rupee (Hindi: रुपया) (sign; code: INR) is the official currency of India. The issuance of the currency is controlled by theReserve Bank of India.
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.
In July 2010, the Indian Cabinet selected a new symbol for the Indian rupee. It is derived from Devanagari "" (Ra) and looks like the Roman "R" without the stem. 


Rupee symbol
On March 5, 2009 the Indian government announced a contest to create a symbol for the rupee. During the Union Budget 2010 Finance Minister Pranab Mukherjee mentioned that proposed symbol would reflect and capture the Indian ethos and culture. Five symbols had been short listed,and the Cabinet selected the definitive symbol created by D Udaya Kumar on 15 July 2010.
The symbol is a taken from the Devanagari ‘र’. The parallel lines at the top (with white space between them) make an allusion to the tricolor Indian flag and also depict an equality sign which symbolizes the nation's desire to reduce economic disparity. The Indian government will try to adopt the symbol within six months in the country and globally within 18 to 24 months. Prior to this, the most commonly used symbols for the rupee have been Rs.Re. or रू.

Coin - New 10 Rupee Coin 

India' s much awaited first ever bimetallic Rupees 10 
coin is now issued and available for sale on some auction websites, but the rate of this coin is very high in comparison to its denomination due to the uncertain number of issued coins. Some coin sellers claim that this coin is a limited edition. But official information is not yet available on number of mintage. A recent press release from Reserve Bank of India mentioned that there will be two themes of Rupees 10 coins Unity in Diversity Connectivity and Information technology You check further details and images at India Rupees 10 Bimetallic Coin

No comments: