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Mumbai :Under pressure to cut interest rates to lower cost of capital, Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said keeping inflation low is the key task for sustainable economic growth of the country.

Brazil and Russian Federation are deep in recession and South Africa is teetering on the brink, while China’s economy saw its weakest performance in 24 years in 2014. Most emerging markets have witnessed good inflows from foreign investors over the last 10-12 years.