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In which of the following years was the Indian rupee devalued for the first time?

1. $1949$
2. $1955$
3. $1966$
4. $1974$

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Since $1947.$ Since its Independence in $1947,$ India has faced two major financial crises and two consequent devaluations of the rupee: In $1966$ and $1991.$

So, the correct answer is $(C).$

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