December 21, 2017
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Reference rate for US dollar set; derived exchange rates for euro, pound and yen against the rupee announced.
Announcement establishes the Reserve Bank of India Reference Rate for the US Dollar as the operative market benchmark on December 21, 2017, notes the prior day's rate for comparison, and, using that reference rate and cross currency middle rates, provides derived exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee; it also states that the SDR Rupee rate will be based on the published reference rate.