Govt will take steps to check FII inflows if needed: FM

New Delhi, Nov 18 (PTI) The Indian government
Wednesday said the surge in Foreign Institutional Investor
(FII) inflows is not a matter of concern and measures will be
taken to counter it, if "distortions" emerge.
"It 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 it therefore it is not
disturbing," India's Finance Minister Pranab Mukherjee told
reporters here in Indian national capital New Delhi on the
sidelines of Union Bank event.
FIIs have put in a whopping over Rs 71,900 crore so
far this year in the country's bourses, the highest ever
investment made in rupee terms in a single year. The huge
inflow has led to appreciation of rupee. PTI IND
ANU