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<h1>Reference exchange rates updated for major currencies, forming the basis for derived cross rates and SDR Rupee conversion.</h1> The Reserve Bank publishes the Reference Exchange Rate for the US dollar and the euro and, using the US dollar Reference Rate with middle rates of cross currency quotes, provides derived exchange rates for other currencies. The release ties the calculation of the SDR Rupee rate to the published Reference Rate, making these published benchmarks the basis for rupee valuation and administrative conversions.