Hi, The winning symbol was the work of Udaya Kumar, a lecture in design at
the Indian Institute of Technology in Mumbai. He said: "My design is based on the tricolour,
with two lines at the top and white space in between. I wanted the
symbol for the rupee to represent the Indian flag. It is a perfect blend
of Indian and Roman letters: a capital 'R' and Devanagari 'ra' which
represents rupiya, to appeal to international audiences and Indian
audiences."

Hope this helps.