It resembles the National Symbol of India where the three segments coming out of the base line represent the three lions of the National Symbol.
Resemblance to Lotus, the National flower of India:
This symbol shows Unity in Diversity by its branches up in the air representing diversity of India in its culture, religion, caste, climate, people, tradition and values tied together by a well grounded single root.
This looks like a new born plant which signifies Freshness, Growth, and the Green Revolution of India. India is one of the youngest countries today and more than 50% population is below the age of 25 years. Its growing and moving up in every domain. The Indian currency should represent this state of the country and so does this symbol.
It resembles a balance scale which show Indias balanced attitude towards modern and tradition values. It also shows Indias equal treatment policy towards things like Gender, Religion, and Caste etc.
The upward extended two arms of the symbol denote victory and upbeat attitude of a growing and vibrant India.