New Delhi, November 18: The government today said it had the mechanism to monitor discrepancies in foreign fund inflows and that the rush of FII money into the country’s equity markets off late was not a matter of concern.
Foreign Institutional Investors have put in a record over Rs 71,900 crore (over USD 15 billion) in Indian stocks so far this year, driving up valuation of the rupee that has hurt exporters who are already hit by slowdown in the West.
“It (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.