FPI exodus continues, Rs 62,800 cr pulled out from equities in first fortnight of June

Foreign Portfolio Investors pulled out Rs 62,853 crore from Indian equities in the first two weeks of June 2026, taking total 2026 outflows to Rs 2.87 lakh crore—already surpassing the Rs 1.66 lakh crore withdrawn in the entire calendar year 2025. March 2026 alone saw a record Rs 1.17 lakh crore exit, with sustained selling in April (Rs 60,847 cr) and May (Rs 32,963 cr). Persistent rupee depreciation (nearly 6% in 2026, around 10% over the past year to ~95/USD) and India's relatively rich valuations are cited as key drivers, though crude's correction below $87/barrel offers some relief for India's ~$60 bn FY27 balance of payments deficit.