Indian rupee will have distinct identity | business | Hindustan Times
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Indian rupee will have distinct identity

business Updated: Feb 26, 2010 16:10 IST

The Indian rupee will soon join a select league of global currencies by having a distinct identity to distinguish it from other similar looking currencies, said Finance Minister Pranab Mukherjee in his budget speech on Friday.

"In the ensuing year, we intend to formalise a symbol for the Indian rupee, which reflects and captures the Indian ethos and culture," said Mukherjee in the Lok Sabha.

"With this, the Indian rupee will join the select club of currencies such as the US dollar, British pound sterling, Euro and Japanese yen that have a clear distinguishing identity," he added.

The move comes in the wake of recent reports on the increase in influx of fake currency notes in the country.