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Meanwhile, Lisa Shalett said markets could take a "breather," even a 5-10% correction that would be "health and hygiene," but she expects the S&P to be "a lot closer" to 2,300 by year-end.
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RBI introduced MCLR on 17 December, and the guidelines mandated that banks must price incremental loans using MCLR.
Once their new rules are in place, they are anticipating retirement funds will shift to lower cost investments, savings consumers billions of dollars.
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