the quantitative easing, there have been outflows on FII accounts.
Outflows continued till July and August. After September, the net outflow in the current fiscal is negative to the tune of USD 5.1 billion, he said.
Last years inflows were to the tune of USD 27 billion. In 2011-12, it was USD 17 billion.
"The fact that up to the end of August it is negative, means that flows need to be positive in the rest of the year so that we can get the net positive inflows of USD 2.7 billion dollar," he said.
The rupee has depreciated since May 22, he said, adding, it has happened not in India alone.
In 2012-13, India had CAD of 4.8 per cent of the GDP but the capital flows were adequate not only to cover CAD but to add to the reserve something like USD 3.2 billion.