The Finance Minister Mr Pranab Mukherjee today said the Reserve Bank's move to increase its short term lending and borrowing rate is in the right direction as inflationary pressures are still there in the economy.RBI has raised short term lending rate (REPO) by a quarter percentage point, and borrowing rate that is Reverse Repo rate by half a percentage point to tame inflation. The REPO rate will now be six per cent and reverse report rate will be five percent.The RBI move comes in the wake of Food inflation crossing 15 per cent for the week ended 4th of this month, while overall inflation stood at 8.5 per cent in August. RBI has said inflation rates have reached a plateau, but are likely to remain at unacceptably high levels for some months.