
From 1950 to 1973 Indian Rupee was linked to the British Pound.
In 1966 and 1973 devaluation happened.
On 24th September 1975, the connection between Indian rupee and Pound was broken.
In 1975, the Rupee's ties to the Pound Sterling were disengaged. India established a float exchange regime, with the Rupee's effective rate placed on a controlled, floating basis and linked to a "basket of currencies" of India's major trading partners.
In 1993...