The Indian rupee font is an amalgam of both the Devanagari consonant (Ra) and the Latin letter “R” without the vertical bar. The design was presented to the public by the government of India on 15 July 2010. Previously, the abbreviation Rs. was used and the Indian rupee did not have a symbol of its own.
It is official that Indian currency now has a new face. Out of hundreds of participants for the Indian Rupee design contest, none of the candidate were selected. Instead a design from an IIT Student who infact was not even part of the contest, is finalized as a symbol for Indian Rupee.
As per the dollar and Euro symbols, the Indian Government has adopted new symbol for the rupee on 15 July 2010. This new rupee symbol will be now used in all written and electronic communication but the big worry is when will it be available on your computer keyboards.
Official Unicode U+0971
The Indian Government has proposed the Unicode character code U+0971 be assigned for the new Rupee symbol. So till the Unicode Consortium passes the official Unicode for U+0971, we will have to wait.