Attributing inflation mainly to rising food prices, the Finance Minister Mr. Pranab Mukherjee said that it will be 6 per cent at the end of this fiscal. Replying questions in the Economic Editors Conference in New Delhi, the Finance Minister said in terms of consumer price indices (retail prices), inflation in the three majorgroups — industrial workers, agricultural labour and rural labour — have come down to single digit level for the first time in 16 months. He said, inflation was 8.6 per cent in September. Mr. Mukharjee ruled out putting controls on inflows from ForeignInstitutional Investors – FII – into the equity market to check the rupee appreciation for now. This year, the FII inflows have already reached 24.48 billion US Dollars. He said, the rising rupee has implications for exports. He said, the economy will grow by 8.5 per cent this fiscal and will return to an average growth rate of 9 per cent soon.