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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 3/1/1930 | Coimbatarao Doraikannu Gopinath, cricketer (batted in 8 Tests for India in the 1950's), was born in Madras. |
| 5/27/1952 | The use of Hindi language in addition to English language and of Devnagri form of numerals in addition to the international form of Indian numerals was authorised for warrants of appointments of Governors of State, Judges of the Supreme Court and Judges of the High Court. |
| 7/3/1991 | Rupee devalued again from 10.58 to 10.96\% . |
| 6/12/1894 | Busushottam Vishwanath Bapat, internationally famed Pali language expert, translator and editor, was born. |
| 10/2/1979 | Operation (Milk) Flood-II launched. |
| 12/11/1967 | 6.5 earthquake in West India, 170 killed. |
| 2/27/1912 | Lawrence Durrell, Britsh writer (Alexandria Quartet, Private Country), was born in Darjeeling, India. . |
| 6/17/1674 | Jijabai, mother of Chhatrapati Shivaji Maharaj, died. |
| 11/3/1906 | Prithviraj Kapoor, stage and film artist, member of Rajya Sabha and Dadasaheb Phalke awardee, was born. |
| 11/1/1948 | An Indian brigade group supported by the 7th Cavalry (Stuart tanks) broke through the Great Himalayan Range at Zojila to drive out the invaders from Ladakh district. At approximately 3,500 metres, this was the highest point in the history of warfare that tanks had operated. |
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