Government on Tuesday ruled out putting controls on inflows from Foreign Institutional Investors – FII – into the equity market to check the rupee appreciation for now. Replying questions in the economic editors conference in New Delhi the Finance Minister said that RBI may intervene if needed. This year, the FII inflows have already reached 24.48 billion US Dollars. He said the rising rupee has implications for exports. Upward movement of the rupee against the US dollar was sharp in recent weeks .He said that economy will grow by 8.5 per cent this fiscal and will return to an average growth rate of 9 per cent soon. He said the fiscal deficit would come down to 5.5 percent this fiscal. The gross tax revenue grew by 27.3 per cent so far this fiscal as opposed to negative growth rate in the same period last fiscal. On inflation, the minister said that food prices were its main driver and said that it will be 6 percent at the end of this fiscal. He announced that a new programme on financial inclusion estimated to cover about five crore people is ready for roll out and talked in detail about the measures taken for achieving the desired objective. AIR correspondent reports that the finance minister laid emphasis on inclusive growth and gave the details of the ambitious programmes launched for the purpose.