@article {article1274, title = {Hitting hard on inflation }, author = {Ranjit K Pattnaik,Jagdish Rattanani}, journal = {Foundation of The Billion Press}, date = 2018-08-08, year = 2018, url = https://www.thebillionpress.org/columns/economy/hitting-hard-inflation-1274, Abstract = {The policy repo rate, which (over time) drives the rate at which banks lend to customers, has moved up from 6 per cent to 6.5 per cent in the last four months. The MPC wants this increase to “bite” (in the words of the RBI Deputy Governor and MPC member Dr. Viral Acharya) so that inflation is checked.} }