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

Foreign investors continue to sell Indian shares. They have withdrawn over Rs 62,853 crore in early June. This follows significant outflows in previous months. Geopolitical tensions and global growth worries are driving these sales. The weakening rupee also plays a role. However, the pace of selling eased recently. Investors are seeking safety in developed markets.