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<h1>Reference Rate update: USD and Euro benchmarks set; derived GBP and JPY Rupee rates and SDR basis announced.</h1> The Reserve Bank of India publishes official Reference Rate quotations for the US dollar and the Euro as benchmarks against the Rupee; derived cross currency Rupee rates for the British pound and Japanese yen are provided using the USD Reference Rate and middle rates of cross currency quotes, and the SDR Rupee rate will be based on the published Reference Rate.