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Historical Event on 7/1/1996
RBI reduces cash reserve ratio to 12\%.
| Other Historical Dates and Events |
| 3/22/1914 | M. L. Bhowmik, social reformer and politician, was born Kailashahar, Tripura. |
| 9/25/1946 | Bishan Singh Bedi, a former Indian cricketer was born. |
| 9/10/1999 | Top seeds Bhupathi and Paes finished runners-up in the US Open doubles, losing to Sebastien Lareau and Alex O'Brien in the final. |
| 10/28/1997 | Cabinet permits RBI to issue rupee notes of 1000 denomination. |
| 3/21/1973 | Yashwant Ramkrishna Date, great Marathi dictionary creator, passed away. |
| 8/13/1795 | Ahilyabai Holkar passed away at the age of 70. |
| 3/13/2000 | Parliament approves TRAI Bill seeking to bifurcate it into a Tribunal and a Regulator, with the Rajya Sabha passing the measure by a voice vote. |
| 4/5/1993 | G. V. Iyer's Sanskrit film 'Bhagavad Geeta was adjudged the best film at the National Film Awards. |
| 11/20/1955 | Polly Umrigar scores India's first Test double century, 223 vs NZ. |
| 2/18/1906 | Madhav Sadashiv Golwalkar, chief of 'Rashtriya Swayansewak Sangh' (RSS), was born. |
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