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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 1/19/1960 | Ramchandra Gopal (Dadasaheb Torne), famous film director, passed away. |
| 4/23/1992 | Satyajit Ray, internationally famous Indian film producer-director, Bharat Ratna Awardee, passed away at the age of 70. |
| 7/3/1991 | Rupee devalued again from 10.58 to 10.96\% . |
| 1/29/1912 | Judge A.N. Ray, Chief Justice and Supreme Court of India, was born. |
| 10/10/1990 | Following political uncertainties in the wake of Veerendra Patil's decision to stay on in defiance of Congress Party's decision, President's rule was imposed in Karnataka. |
| 8/27/1604 | Guru Granth Sahib was established in the Golden Temple of Amritsar. |
| 1/16/1681 | Sambhaji was crowned as the successor of Chhatrapati Shivaji Maharaj in a function held at Raigad Fort. |
| 5/7/1993 | Jankiraman panel's final report finds that an additional aggregate of Rs. 12,85,549 crore was transacted in banks without any documentation; it indicts 12 more banks for involving in the scam. |
| 9/6/1996 | CBI arrests four Jharkhand Mukti Morcha leaders in bribery case. |
| 8/18/1900 | Vijayalakshmi Pandit, first woman President of U.N.O. General Assembly, was born. |
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