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Question

Devaluation of rupee was first introduced in year?  

Options:
A .  1949
B .  1966
C .  1972
D .  1990
E .  None of these
Answer: Option A
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2 Comments

Prathamesh Patade 2016-06-21 09:37:20
0
Since India was under British rule rupee was pegged to pounds. From 1927 to 1966, it was 13 rupees = 1 pound. This was maintained until 1966, when the rupee was devalued and pegged to the U.S. dollar at a rate of 7.5 rupees = 1 dollar
Prathamesh Rathi 2016-06-09 02:32:08
0
Answer is 1966. On 6 June1966, aka known as 6/6/66 rupee was devaluated for the first time by Indira Gandhi.

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