The government today rejected exporters' claims that FII inflows needs to be curtailed, as it is largely responsible for the appreciation of rupee against the dollar. Commerce Secretary Rahul Khullar told reporters in New Delhi,rupee appreciation has not been that sharp as to hurt Indian exports. He also dismissed the suggestion of Federation of Indian Export Organisations , to peg a fixed rupee-dollar rate for some time.Our correspondent reports, Financial Institutional Investors,FIIs have been pouring in funds in large quantities,betting on the Indian economy, which is expected to bounce back to over eight per cent growth this fiscal. The robust FII flows, which add up to 5.30 billion US Dollars since January, had a salutary impact on the strength of the Indian currency.The rupee has gained against the US dollar by close to four per cent since March 1.Exporters who begun seeing growth again in November, after a prolonged lull, are a worried lot, as the dollar weakness reduces their net realisation in the local currency.