New Delhi, April 13 -- Foreign Portfolio Investors (FPIs) have pulled out around Rs.1.8 lakh crore from Indian equities in 2026 to date, exceeding the Rs.1.66 lakh crore exit recorded in 2025.

This trend is largely driven by rising geopolitical tensions in West Asia (including the US-Iran conflict that began in late February), increasing crude oil prices, depreciation of the rupee, and a global aversion to risk, as per experts.

Although recent reports do not provide a complete breakdown of the destinations for these inflows, it seems that FPIs are shifting their investments to markets that present lower valuations and specific sectoral advantages, particularly in Japan, Taiwan, South Korea, and select European countries. Additionally, t...