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.
“The FII inflows is not a matter of concern. We have a system of monitoring.
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.
The FII inflow is the highest ever investment made in rupee terms in a single year.
(Published 18 November 2009, 16:06 IST)
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