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

Other Historical Dates and Events
10/16/2000	Rest of India wins the Irani Trophy cricket tournament. Murali Karthik scalps nine for 70, the best figures by a bowler in 38 Irani cup matches.
1/4/1995	IAF batch (Angel of Mercy) returns from Somalia after 16 months of stay and 700 sorties.
3/1/1924	Naresh Mehta was born.
2/18/1944	Bhartiya Gyanpeeth Institute' established.
5/27/1996	A. B. Vajpayee, PM, seeks vote of confidence in his 12-day old govt.
6/14/1998	S. Vijayalakshmi wins National women's `A' chess title in Mumbai.
1/1/1965	This year was announced to be observed as the ""Year of International Co-operation"".
7/23/1956	India celebrates the birth centenary of Bal Gangadhar ""Lokmanya"" Tilak.
8/17/1916	Amritlal Naagar was born.
12/5/1935	Bipinchandra Joshi, chief of Indian Army general, was born.

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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\%.