RBI Governor: Change in monetary framework is improbable

The Governor of Reserve Bank of India has mentioned in an interview how it is unlikely that there might be a change in the Inflation target band given to the Monetary Policy Committee for review.  It is mandatory for them to keep the retail inflation between 2%-6% and target medium term inflation at 4%. Another reason given by Mr. Das was, the law states that the government will have to notify the inflation target at least once in five years to do the same.