The Reserve Bank of India has released its annual report in Mumbai. It was mentioned in the report that due to the evolving economic conditions, real GDP growth for 2018-19 is expected to increase to 7.4% from 6.7% in the previous year.
The RBI stated that its monetary policy will continue to be guided by the objective of achieving medium-term target for retail inflation of 4%.
Source- AIR World Service
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata.