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History of Indian Rupee symbol (₹): We have been using the Indian currency since the time we were children but did you notice a big change in the Indian currency after 2009? More specifically have you noticed the Rupee symbol on the currency notes? Do you know the fact that the Indian currency did not not have a icon before 2009 and only after the UPA government led by Dr Manmohan Singh introduce the Rupee symbol (₹) the icon became famous and prospered as the digital identity of India. As mentioned above India lacked an official currency symbol until a national competition was held in 2009. Among over 3300 entries that came from all across the country the winning design came from D. Udaya Kumar of IIT Bombay. Whats the meaning of Indian Rupee symbol (₹) The unique design suggested by Udaya blends the Devanagari letter र (“Ra”) and the Roman capital R without its vertical stroke topped with two horizontal lines symbolizing both the Indian tricolour and economic equality. Indian Rupee falls 16 paise against US dollar Meanwhile in a significant update for the Indian rupee the rupee declined 16 paise against the US dollar to close at 85.92 on Wednesday as a strengthening American currency amid uncertainties over the India-US trade pact hit investor sentiment. However sliding global crude prices supported the domestic unit according to forex traders. As per a report by PTI news agency the rupee opened weak at 86.02 against the dollar at the interbank foreign exchange. The currency traded in the range of 85.74-86.05 during the day before closing at 85.92 down 16 paise from its previous close. In the previous session the rupee appreciated 16 paise to close at 85.76 against the US dollar. The Indian rupee experienced notable volatility today initially weakening against a robust US dollar before recovering mid-session due to dollar supply only to conclude with net losses. (With inputs from agencies)