Foreign investors dump ₹60,847 cr. in April, devaluing rupee

1 MAY 2026

Foreign institutional investors (FIIs) sold ₹60,847 crore in stocks of Indian listed companies as of April 2026, continuing the two-year trend of capital outflow, data from the National Securities Depositories Ltd. (NSDL) show.
The outflow makes it the third in the first four months of the calendar year. There was a net inflow of ₹22,615 crore in February 2026.
It was then followed by the highest ever outflow of more than ₹1.1 lakh crore ($13 billion) in March 2026.
The April sell-off, ₹60,847, is much lower than the month before.
In the four months of calendar year 2026, ₹1.9 lakh crore worth of foreign money exited from Indian equities alone.
This is what had primarily led to the rupee touching a low of ₹95 a dollar.
The rupee-dollar pair depreciated 5.5% between January 2026 and April 2026, backed by increasing import bills due to the West Asia crisis and the continued foreign money outflow from domestic capital markets.