We've lowered size of policy rate change, RBI's Das and Patra tell media

Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say

The six-member Monetary Policy Committee of the Reserve Bank of India (RBI) on Wednesday voted to increase the benchmark policy rate by 35 basis points. After the policy meeting, RBI Governor SHAKTIKANTA DAS, and Deputy Governor MICHAEL PATRA spoke to the media. Edited excerpts:

What do you have in mind when it comes to the real rate?
 

P: The real rate is just 85 basis points (bps). And it will be achieved in Q2 of next year. At that time, what will be the inflation gap? Will inflation be at the target is the question we need to ask.
 

Is growth