The steep fall in share markets in wake of US Federal Reserve Chairman Ben Bernanke's recent comments about Quantitative easing or bond purchasing program forced India's Union Finance Minister P Chidambaram to get into action to pacify worried investors.

Bernanke on Wednesday hinted that the US'massive bond purchasing program could be rolled back in the Fed's upcoming policy meetings if the economy showed further signs of improvement.

The comments led to an unprecedented fall in Asian markets, including India. Japanese government bonds (JGBs) also suffered a steep fall, taking yields to their highest level since early April 2012. Indian markets also slipped. Sensex slipped more than 387 points on Thursday to settle at slightly more than 19,674 points.

But, Mr. Chidambaram claimed that Bernanke's comments had been misunderstood or misinterpreted by investors.

In a statement, the finance ministry said, "Bernanke has clearly indicated that he will continue with QE in the foreseeable future, about $85 billion a month or so..."

The finance ministry also claimed that India received copious foreign flows in the month of May this year.

The US had introduced quantitative easing or bond purchasing program to provide a boost to the struggling economy in wake of economic crisis, after all attempts to boost it via lowering interest rates failed.