November 18, 2009 6:19 PM

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Govt will take steps to counter FII inflows if needed: Pranab

The Finance Minister Pranab Mukherjee says, the surge in Foreign Institutional Investor inflows is not a matter of concern and measures will be taken to counter it, if distortions emerge. Talking to reporters in New Delhi on Wednesday, he said the government has a system of monitoring.<br/> <br/>FIIs have put in a whopping over 71,900 crore rupees 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. <br/>

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