One of Indira Gandhi's first decisions, seen as under US pressure, was to do what to the rupee?
ADevalue the rupee
BPeg it to gold
CAbolish the rupee
DDouble its value
Answer & Solution
Correct answer: A. Devalue the rupee
1. The economy was in crisis.
2. The rupee was devalued.
3. A dollar had cost under Rs 5 before.
_Source: syllabus Political Science, Politics in India since Independence, Chapter 5, Challenges to and Restoration of the Congress System._
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