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<h1>Reference rate for US Dollar sets Rupee exchange rates for major currencies and governs the SDR Rupee basis.</h1> The Reserve Bank of India published the reference rate for the US Dollar and, using that rate with middle cross currency quotes, provided corresponding Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen; it also stated that the SDR Rupee rate will be based on the published reference rate.
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