Amid Indian rupee's rising to two-year high last week, Reserve Bank today said, it may intervene in the foreign exchange market if FII inflows are volatile. Foreign institutional investors FIIs have pumped a record 96,000 crore rupees so far this year into Indian stock markets. Taking part in a panel discussion in Washington, RBI Governor D. Subbarao said, intervention will come if the inflows are volatile or if they disrupt the macroeconomic situation. He said, such a move will be able to help keep liquidity conditions consistent with activity in the real economy and to maintain financial stability. The comments came on the heels of Finance Minister Pranab Mukherjee ruling out curbing FII inflows at present. However, RBI Deputy Governor Subir Gokarn had said the central bank could intervene in forex markets if capital surge leads to any disruptions. Market regulator SEBI had last week exuded confidence that there would not be any reversal of foreign fund flows into equity markets as long as Indian economy is on a strong wicket.