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

Other Historical Dates and Events
10/21/1995	L.K.Advani unanimously re-elected BJP president for the fourth time in New Delhi.
4/13/1699	Khalsa Panth established.
7/1/1947	British Parliament passes the India Independence Act and fixes August 15 for the transfer of power.
3/31/1935	374 infants wed at a mass ceremony.
7/5/1993	Supreme Court dismisses the stay petition of Union Government regarding lifting of ban on the RSS and the Bajrang Dal by the Babri Tribunal.
12/17/1998	P. M. Sayeed of the Congress(I) was unanimously elected Deputy Speaker of the Lok Sabha.
5/8/1992	Eighth Plan outlay increased to Rs. 7,98,000 crores; Public Sector outlay goes up to 45\%.
1/15/1996	Restoration of the original name of the city as ""Mumbai"" for Bombay Vide Maharashtra Act No, XXV of 1996.
3/1/1775	Purandhar Treaty was singed between Nana Phadnavis and British Army.
11/11/1947	Temple of Vithoba in Pandharpur opened for Harijans. Ganpatrao Tapase was the first harijan to enter the temple.

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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\%.