The government hopes the rupee, which has touched a record low of 58.96 to dollar, will stabilize in the next four days withthe expected inflow of large foreign funds. Talking to reporters in New Delhi, Secretary, Economic Affairs Mayaram said in the coming days, foreign institutional investors would put in funds into the debt segment which would help the rupee inch up from the current levels. He said emerging economies around the world are also facing currency depreciation with South African currency depreciating by 11 per cent.Mr Mayaram said the demand for foreign exchange to buy gold has come down significantly due to various measures taken by the government to curb its import. He said the foreign exchange for purchase of yellow metal has considerably decreased in the last week. He said it has come down from the peak of 227 million dollars to 7 million dollars in a particular day. The average is 41 million dollars. Mr Mayaram added that the high current account deficit is bothering the government but the recent steps taken to check gold demand have started yielding results. Meanwhile, Chief Economic Advisor Raghuram Rajan cautioned against panic due to fall in rupee-exchange rate as fundamentals of the Indian economy are strong. He said RBI and SEBI are keeping watch on the situation. He said the government will undertake steps to ensure that current account deficit is safely financed and investment and growth flourish.