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Historical Event on 7/1/1991
Rupee devalued by 8.5\%.

Other Historical Dates and Events
12/10/1979	Mother Teresa wins Nobel Peace prize.
6/14/1929	Jatindra Nath Das was arrested in Calcutta.
1/29/1997	Supreme Court rules that water is a 'mineral'.
8/11/1997	135 persons killed in flash floods in Shimla & Kiannaur districts of Himachal Pradesh.
1/27/1995	Rajiv Gandhi Container Terminal open at Kochi port.
4/22/1991	IMF and the World Bank decide to grant $1 billion loan to India.
10/27/1998	L. P. Singh, ICS, former Governor of five north eastern states, died in New Delhi. He was 86.
6/17/1991	Prabhakar Machve, famous litterateur, passed away.
6/20/1946	Kashmir authorities arrest President-elect Nehru for refusing to obey an order banning him from the state.
12/30/1906	The All India Muslim League was founded in Dacca by a group of big landlords which included Aga Khan III, The Nawab of Dacca and Nawab Mohsin-ul-Mulk-Salimullah. They supported the Partition of Bengal and called for seperate Muslim electrorates and other safeguard for Muslims.

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Historical Event on 7/1/1991 Rupee devalued by 8.5\%.

Historical Event on 7/1/1991
Rupee devalued by 8.5\%.