alleryStart learning →By how much did the rupee lose value against the dollar in July 1991?
A8%
B12%
C18%
D25%
Answer & Solution
Correct answer: C. 18%
The July 1991 devaluation cut the rupee's value by 18% against the US dollar.
Keep practising Economy of India
Browse all Economy of India questions for SSC CGL, or explore more General Awareness topics.
Related questions
Which plan achieved 5.7% growth against a 5.2% target?Real growth under the Seventh Plan, against a 5.0% goal, was?Against a 4.5% target, the Second Plan's actual growth was?India's share of the world economy was about what in the year 1700?The collapse of which country hurt India's exports and added to the 1991 crisis?The National Stock Exchange of India began trading in which year?The Foreign Exchange Management Act, 1999 came into force in which month and year?When did the RBI announce discontinuation of the ₹2,000 banknote?