1
Question
Devaluation of Indian Rupee first time took place in____.
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Solution
The correct option is D 1966
Fifty years ago, on 6 June 1966, the rupee was devalued dramatically
in response to the first significant balance of payments crisis faced by
independent India. It had barely been a decade-and-a-half since India had achieved
independence. The economy, still finding its feet, had limited access to foreign
exchange option ‘c’ is correct.
Fifty years ago, on 6 June 1966, the rupee was devalued dramatically in response to the first significant balance of payments crisis faced by independent India. It had barely been a decade-and-a-half since India had achieved independence. The economy, still finding its feet, had limited access to foreign exchange option ‘c’ is correct.
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