Indian government is conducting a contest to design a symbol for Indian Rupee. just like US dollar ($), the euro (€), the Japanese yen (¥) or the pound sterling (£).

The finance ministry, which has called for entries by April 15, would shortlist five designs and one will be selected after the . But even if the design was not selected, the five shortlisted entries would be entitled to a prize of Rs 25,000 each.

"Interested persons may send their entries, along with a bank draft of Rs.500/ –"

see the links below

1. BBC

2. MSN

3. Economic Times

4. Digital Inspiration (Download the PDF from here which have the full details)

Issue is that there are many sites describing about this, but on the official web site of finance ministry of India, i could not find something like this.