GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The latest devaluation of rupee was done in which of the following year?
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1990
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1981
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1991
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1997
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Explanation:
Detailed explanation-1: -In July of 1991 the Indian government devalued the rupee by between 18 and 19 percent. The government also changed its trade policy from its highly restrictive form to a system of freely tradable EXIM scrips which allowed exporters to import 30% of the value of their exports (Gupta, pp 73-74).
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