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<h1>Reference rate for the US dollar sets benchmark exchange rates and determines the SDR rupee linkage for currency valuation.</h1> Publication of the Reference Rate for the US Dollar establishes the benchmark exchange rate for the stated date and supplies the prior day comparator; using that Reference Rate and middle rates from cross currency quotes, exchange rates for the euro, pound sterling and Japanese yen against the rupee are produced, and the SDR Rupee rate is specified to be derived from the published Reference Rate.
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