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 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 character.The rupee was historically divided into 16 annas, but due to inflation, the anna has lost value.