<p>Foreign Institutional Investors (FII) have put in a record over Rs 71,900 crore (over US$15 billion) in the equities market so far this year and have driven up valuation of the rupee against the dollar, hurting exporters already hit by slowdown in the West.<br />“The FII inflows is not a matter of concern. We have a system of monitoring. <br /><br />Whenever we find that there are some distortions, we have the arrangement to counter them. Therefore, it is not disturbing,” Finance Minister Pranab Mukherjee told reporters here.<br /><br />The FII inflow is the highest ever investment made in rupee terms in a single year.</p>
<p>Foreign Institutional Investors (FII) have put in a record over Rs 71,900 crore (over US$15 billion) in the equities market so far this year and have driven up valuation of the rupee against the dollar, hurting exporters already hit by slowdown in the West.<br />“The FII inflows is not a matter of concern. We have a system of monitoring. <br /><br />Whenever we find that there are some distortions, we have the arrangement to counter them. Therefore, it is not disturbing,” Finance Minister Pranab Mukherjee told reporters here.<br /><br />The FII inflow is the highest ever investment made in rupee terms in a single year.</p>
