UPDATE 1-India?s RBI seeks change in how banks set lending rates

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UPDATE 1-India?s RBI seeks change in how banks set lending rates

UPDATE 1-India?s RBI seeks change in how banks set lending rates
MUMBAI, Sept 1 (Reuters) - India's central bank issued draft guidelines on Tuesday for its proposed plan to change how banks calculate their lending rates, which would make them more responsive to monetary policy actions but would likely be opposed by the sector.

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