Definition 1 of 1
It is supposed to be a combination of the English letter R and Devnagri letter र.
There was full competition and all for designing the symbol and as it happens in competitions some IIT guy won and we got this symbol.
Just like we in India believe that we deserve a permanent place at the UN Security Council, we have other aspirations too. Main one being that the world take us seriously, which is a hard sell in it self, what with bollywood trumping everything.
So in our pursuit of seriousness, we needed a symbol for the rupee and we got one.
Bata pricing workers in unison - point nine nine is better than point zero zero!!!!