When India Pledged Gold To Survive 1991 Forex Meltdown

In the early 1990s, India was gripped by a balance-of-payments crisis. The situation was triggered by a slowdown in inward remittances and a sharp rise in oil prices following Saddam Hussein’s invasion of Kuwait.

More From Author

<div>Arijit Singh Announces Retirement From Playback Singing: “I Am Calling It Off”</div>

<div>US stocks today: Wall Street opens mixed as corporate earnings roll in; S&P 500 up 0.20%, Dow Jones slips 0.62%</div>

Leave a Reply