Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75%, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25%. GVA growth for 2017-18 is projected at 6.6%. GVA growth for 2018-19 is projected at 7.2% overall with risks evenly balanced.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
- Dr Urjit Patel is the 24th Governor of RBI.
- RBI Headquarters in Mumbai.