If so, was there any specific reason behind choosing that name?


Yes, Shri Rama was named by Sage Vasistha:

Valmiki Ramayana Bal kanda

अतीत्य एकादश आहम् तु नाम कर्म तथा अकरोत् | ज्येष्ठम् रामम् महात्मानम् भरतम् कैकयी सुतम् ||१-१८-२१

सौमित्रिम् लक्ष्मणम् इति शत्रुघ्नम् अपरम् तथा | वसिष्ठः परम प्रीतो नामानि कुरुते तदा || १-१८-२२

Elapsed are eleven days and the naming ceremony is performed, then Vashishta, the chief priest, named the high-souled elder one as Rama, Kaikeyi's son as Bharata, and one son of Sumitra as Lakshmana and the other as Shatrughna [1-18-21, 22]

The word 'Rama' is defined as

ramante sarve janaaH guNaiH asmin iti raamaH ' in whom all the people take delight for his virtuousness, thus he is Rama.'

Hanuman in Ram Rahasya Upanishad tells that in the word "राम" . "रा" is taken from Ashtakshari mantra " ॐ नमो नारायणाय " and "म" is taken from Panchakshari mantra "नमः शिवाय" ।

The true meaning of the king among the Rama mantras, as well as of the eight-lettered Narayana and five-lettered Shiva mantras, is spoken of as thus:
Where yogi-s revel in the 2 syllable mantra viz. ‘Ra ma’ where the ra syllable denotes fire
wherein abides illumination. Its nature as Existence-Consciousness-Bliss is regarded as the supreme meaning, the
consonant denoting the unchanging Brahman, and the syllable the energy of
Know that Consonants joined to Syllables are used in breathing; the sound ‘r’, of the
nature of light, is therefore used in action.
The sound ‘ma’, is known as ‘maya’ indicating prosperity; being itself the seed-letter
(bijakshara) is also equal to Brahman itself.

  • Nice, I found this shloka and its meaning rather beautiful: "ramante sarve janaaH guNaiH asmin iti raamaH " May 3 '16 at 6:25
  • @Amit Saxena where is this sloka exactly..?
    – Tezz
    May 3 '16 at 6:32
  • 1
    In the definition of the word? You might not call it a Shloka exactly, though. May 3 '16 at 6:33
  • @Amit Saxena yes, it actually is derived by applying Vedanga principle called Nirukta...
    – Tezz
    May 3 '16 at 6:42
  • Just like 'poornaat jayate iti puja' :) May 3 '16 at 6:45

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