Step 1: Understanding refractive index.
The refractive index \( \mu \) of a medium is related to the speed of light in the medium. The refractive index decreases with the increase in wavelength.
Step 2: Correct proportionality relation.
For most materials, the refractive index is inversely proportional to the wavelength:
\[
\mu \propto \frac{1}{\lambda}
\]
Step 3: Conclusion.
The correct relation is \( \mu \propto \frac{1}{\lambda} \), so the correct answer is (C).