<Tr> <Td_colspan="2"> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> The Indian rupee sign (sign: ₹; code: INR) is the currency sign for the Indian rupee, the official currency of India . Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, following its selection through an "open" competition among Indian residents . The symbol uses U + 20B9 ₹ Indian Rupee Sign Unicode character . Before its adoption, the most commonly used symbols for the rupee were Rs, Re or, if the text was in an Indian language, an appropriate abbreviation in that language . The new sign relates solely to the Indian rupee; other countries that use a rupee, such as Sri Lanka, Pakistan and Nepal, still use the generic U + 20A8 Rs Rupee Sign character . </P> <P> The rupee was historically divided into 16 annas, but was decimalised in 1957 and is now theoretically divided into 100 paise . However, as of 2011, only 50 paise coins are legal tender . </P>

When was new rupee symbol was selected by union cabinet