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When was the Indian Rupee de-linked from the Pound Sterling? 

When was the Indian Rupee de-linked from the Pound Sterling?  Correct Answer 1975 

The correct answer is 1975.

Key Points

  • India decided to delink the rupee from the pound sterling and linked it to a “basket of currencies” in 1975.
  • The exchange value of the rupee would be determined “with reference to daily exchange rate movements of a selected number of currencies of countries which are India’s major trading partners”.
  • However, the pound sterling would continue to be used by the RBI as its “currency of intervention”. 

Additional Information

  • Governor of RBI - Shaktikanta Das
  • Finance Minister of India - Nirmala Sitharaman.
  • There are Eleven sub-offices of RBI in India.
  • There are four deputy governors of RBI - B. P. Kanungo, Mahesh Kumar Jain, M. Rajeshwar Rao, and Michael Patra. 

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The association of the rupee with pound sterling as the intervention currency was broken in