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India is to have a new symbol for its currency

The Indian rupee will soon have a unique symbol, a blend of the Devanagri 'Ra' and Roman 'R', joining elite currencies like the US dollar, euro, British pound and Japanese yen in having a distinct identity. 

The union cabinet today approved a symbol for the Indian rupee. This symbol will be used by all individuals/entities within and outside India after its incorporation in `Unicode Standard', 'ISO/IEC 10646' and 'IS 13194'.

The symbol, which reflects and captures the Indian ethos and culture, was selected from among 3,000 entries submitted by Indian citizens in a public competition.

The new symbol, designed by Bombay IIT post-graduate D Udaya Kumar, was approved by the cabinet today, reflecting that the Indian currency, backed by an over-trillion dollar economy, was finally making its presence felt on the international scene. 


Technical View

ONE CAN CONTINUE TO GO FOR SELL ON HIGHER LEVELS UNTILL IT CLOSES ABOVE 2025 ITS NEXT SUPPORT IS AT 1963. IN DOWNSIDE THE STOCK MAY SLIP TILL THE LEVELS OF 1900

MAHINDRA & MAHINDRA

Technical View

THE STOCK HAS CROSSED OUR PREVIOUSLY SAID SUPPORT LEVEL, IN DOWNSIDE IT MAY SLIP TILL THE LEVELS OF 598-595, WITH IMMEDIATE SUPPORT AT 609.5 WHILE RESISTENCE AT 640.

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