Foreign investors pulled ₹60,847 crore out of Indian markets in April, making it one of the sharpest monthly outflows in recent memory. The selling pressure pushed the rupee to a low of ₹85 against the dollar before it closed just short of that level on Thursday. Foreign portfolio investors, or FPIs, buy and sell Indian stocks and bonds regularly. When they sell in large volumes and convert rupees back into dollars, demand for dollars rises and the rupee weakens. April's outflow was large enough to move the currency meaningfully. A weaker rupee raises the cost of imports, particularly oil, which India buys in dollars. It also increases the repayment burden on companies that have borrowed in foreign currency. Both effects can feed into broader inflation and margin pressure across sectors. The scale of the exit and the rupee's move toward ₹85 are the key numbers to watch. Whether outflows continue into May will determine if the currency finds a floor or weakens further.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
