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<h1>Reference rate publication sets benchmark for deriving cross currency exchange rates and the SDR Rupee conversion.</h1> The Reserve Bank of India published the Reference Rate for the US Dollar and the preceding day's figure; using the US Dollar reference and middle cross currency quotes the Bank derived exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee, and specified that the SDR Rupee rate will be based on the published reference rate.
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