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

Other Historical Dates and Events
7/6/1787	Robert founded Indian Botanic Garden near Calcutta by Kyd on 273 acres of land.
9/10/1976	An Indian Airlines Boeing 737 aeroplane was hijacked for the second time and taken to Lahore, Pakistan.
6/1/1930	Baba Adhav was born.
6/18/1918	A. R. Rajrajvarma, famous poet of Malayalam language, critic and master of grammer, passed away.
7/18/1987	Arun Singh, union minister of state for defence, resigns from the cabinet.
7/12/1970	Major flood in Alaknanda river resulted in sweeping of buses and claimed 600 lives.
12/12/1971	All the facilities and pocket money provided to the former kings were cancelled by the Indian Parliament.
1/1/1956	No. 20 Squadron, Indian Air Force's first jet squadron equipped with Vampires, was formed and christened 'The Lightnings'.
8/4/1997	Nilesh Kulkarni becomes the first Indian to take a wicket with his first ball in Test Cricket (Colombo).
11/17/1999	41 more ministers are inducted into the Ram Prakash Gupta Ministry in Uttar Pradesh taking the strength of the ministry to 91.

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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\%.