Spacescreamer
Innovator
In a historic event, a five-member jury set up to finalise symbol for the rupee is said to have selected the design presented by IIT-ian D Udaya Kumar.
The jury has recommended the design to the Cabinet for approval, which is likely to take a decision in this matter soon.
Source
Just saw the interview of the Creator.
He considered two things:
1) The letter 'Ra' of devnaagri script. Unique to our Country.
If you remove the lower horizontal line you would see it.
2) Added the second line as the two lines sort of represent the two extreme bands of the Indian National Flag.