Question
In ______ as an immediate measure to resolve the balance of payments crisis, the Indian rupee was devalued against foreign currencies.
The correct answer is
1991
The Indian rupee was devalued against foreign currencies in 1991 as an immediate measure to resolve the balance of payments crisis.
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Important Questions from Economic and Financial Affairs
- As per Deloitte, how much will AI in healthcare boost India's GDP by 2025?
- Tariff reforms were central to the liberalisation of trade. What happened to import tariffs after 1991?
- Privatisation under the 1991 reforms primarily involved:
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