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

Other Historical Dates and Events
1/24/1997	Justice Meera Sahib Fathima Beevi and Justice Sukhdev Singh Kang appointed Governors of Tamil Nadu and Kerala respectively.
1/2/1754	Robert Clive again attacked and annexed Calcutta from Nawab Siraj-ud-Daulah.
2/24/1995	25 jawans die in an explosion in Brahmaputra Mail near Nilalong station about 200 km from Guwahati.
7/11/1979	The Lok Sabha commenced a four-day debate on the no-confidence motion against the 21-month-old Janata Government.
9/25/1927	Jagmohan Amirchand was born in Hafizabad (now in Pakistan).
10/28/1984	Federal agents early this morning caught Guru Shree Rajneesh trying to flee the country. Rajneesh was charged with violating immigration laws and arranging phoney marriages for his cult members. The religious leader was nabbed at Charlotte, North Carolina airport when his jet, bound for Bermuda, touched down for re-fueling. The Bhagwan ran a commune of about 1,500 people in Oregon. Thousands more cult members live in Rajneesh's native land India and other countries. He knew the federal government had no faith in him after his chief adviser, a woman named Ma Anand Sheela, was arrested in West Germany for several minor offenses. Rajneesh appeared in court on this date clad in a lavender robe.
4/12/1801	Ranjit Singh proclaimed himself Maharaja of Punjab.
3/1/1996	Supreme Court frees CBI from the control of PM Rao and directs that CBI would take no instruction or permission from or report to any authority personally interested in or likely to be affected by the investigation into the hawala case.
1/25/1948	French India Peoples' Convention, Pondicherry, passed a resolution for complete merger of the French India with the Dominion of India. - G. V. Mavlankar was elected the first Speaker of the Indian Parliament.
2/3/1760	Sadashiv Bhau, under a large Maratha army, defeated the Nizam in war of Udgir.

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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\%.