Foreign portfolio investors (FPIs) continue to reduce exposure to Indian equities, withdrawing roughly ₹62,800 crore in the first fortnight of June, according to multiple reports citing NSDL data. The sales add to earlier months’ outflows, with sources noting that FPIs remain net sellers in Indian equities throughout 2026 in all months except February. The outflows in June extend a broader shift that has pulled total withdrawals from Indian equities to about ₹2.87 lakh crore so far in 2026, which is higher than the ₹1.66 lakh crore withdrawn over the whole of calendar year 2025. The reported selling is linked to a mix of factors, including heightened geopolitical tensions and concerns about global growth, which prompt investors to seek relatively safer assets abroad. The weakening of the rupee is also cited as a contributing factor, since currency moves can affect returns for foreign investors. One source also notes that while outflows are ongoing, the pace of selling appears to have eased recently compared with earlier surges.