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Wednesday, November 19, 2014

RBI chief Rajan wants focus on sustainable growth

PORT LOUIS: India will focus on sustainable economic growth and developed economies should do the same, Reserve Bank of India governor Raghuram Rajan said on Tuesday.

The RBI is under corporate and government pressure to bring down interest rates and boost economic growth.

"We have to make sure that across the world we focus on sensible, sustainable sources of growth," Rajan told reporters in Mauritius on Tuesday.

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