<h1>Reference Rate announcement sets the daily benchmark for forex quotations and related SDR Rupee conversions.</h1> Announcement of the Reserve Bank of India's daily Reference Rate for the US dollar and the Euro, showing current and prior day figures and noting day to day movement. Derived exchange rates for the British pound and Japanese yen are supplied based on the US dollar reference rate and middle cross currency quotes. The release further states that the SDR Rupee rate will be based on the published reference rate, establishing the reference rate as the benchmark for related currency conversions.