Question

First devaluation of rupee after independence in india occurred in which year

Answer 1

Answer:

devaluation of rupee taken place 3 times since 1947

first devaluation took place in 1966 when rupee was devalued by 36 5%

Answer 2

Answer:

For the first time in India when the devaluation of the rupee took place was the year 1966.

Explanation:

Devaluation can be defined as the deliberate reduction in the value of the currency of a country in order to protect the economy from external factors. After independence since 1947, devaluation of money has taken place three times. In June 1966, rupee was devalued by 57%. It was pegged at Rs. 4.75 per dollar falling from Rs. 1.3 per dollar.