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To: goldworldnet who wrote (390538)11/2/2010 6:02:44 PM
From: kumar2 Recommendations  Read Replies (1) | Respond to of 793996
 
There was a contest to decide the symbol. The person who won (and who's symbol was chosen) was rewarded INR 1M.

The symbol depicts a hybrid of western and indian nomenclature.

If u put the middle horizontal bar vertically, it would represent the syllable "ra" (pronounced "Rah" in US English) in many indian languages.

Having it horizontally, makes it look like the Yen or Pound symbol norms.