Indian rupee symbol to get global recognition in 2 years
Sunday, 18 July 2010
NEW DELHI, July 17 (Commodity Online): A day after India approved a symbol for its currency, the Rupee; vendors of computers, mobile phones, and software say they will support the symbol for the Indian rupee.
But it may be over two years before the rupee symbol starts showing on computers and mobile phones, analysts said.
Many vendors are also undecided whether they will offer the new symbol on keyboards and keypads, or as additions in software to the character set supported by their devices.
Nokia, for example, welcomed the move by the Indian government to have a symbol for the rupee, and said it would abide by the rules and regulations in this regard.
For computers, mobile phones and other computing devices to understand the symbol, it has to be first encoded.
The new symbol has to be submitted by the Indian government to the Unicode Consortium to be encoded and allotted a code point in the Unicode Standard.
The Unicode Standard is a character coding system designed to support the worldwide interchange, processing, and display of written texts of diverse languages and technical disciplines.
The time required to add the new rupee symbol to products does not depend on vendors at this point, but on the time it will take for the inclusion of the encoding in the Unicode Standard.
The Indian government decided to select a symbol for the Indian rupee to reflect the country's economic growth and its integration with the global economy.
The symbol will also distinguish the Indian currency from some other currencies in the region like those of Pakistan and Nepal that are also called rupee.
But it may be over two years before the rupee symbol starts showing on computers and mobile phones, analysts said.
Many vendors are also undecided whether they will offer the new symbol on keyboards and keypads, or as additions in software to the character set supported by their devices.
Nokia, for example, welcomed the move by the Indian government to have a symbol for the rupee, and said it would abide by the rules and regulations in this regard.
For computers, mobile phones and other computing devices to understand the symbol, it has to be first encoded.
The new symbol has to be submitted by the Indian government to the Unicode Consortium to be encoded and allotted a code point in the Unicode Standard.
The Unicode Standard is a character coding system designed to support the worldwide interchange, processing, and display of written texts of diverse languages and technical disciplines.
The time required to add the new rupee symbol to products does not depend on vendors at this point, but on the time it will take for the inclusion of the encoding in the Unicode Standard.
The Indian government decided to select a symbol for the Indian rupee to reflect the country's economic growth and its integration with the global economy.
The symbol will also distinguish the Indian currency from some other currencies in the region like those of Pakistan and Nepal that are also called rupee.