# The sell-off follows a record outflow of Rs 1.17 lakh crore (about USD 12.7 billion) in March, the worst monthly exodus on record.

*business · news · 2026-04-12 · Daily Excelsior*

## Key points

- Foreign investors withdrew Rs 48,213 crore from Indian equities in just the first 10 days of April.
- Total FPI outflows in 2026 have reached Rs 1.8 lakh crore, a significant escalation.
- South Korea and Taiwan are currently more attractive to FPIs due to stronger earnings growth outlooks.
- A reversal in FPI flows depends on reopening the Strait of Hormuz, rupee stabilization, and strong Q4 earnings.

**Companies:** Morningstar Investment Research India, Geojit Investments, Angel One
**Countries:** India, South Korea, Taiwan, United States, Iran

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/fpis-extend-sell-off-in-april-pull-out-rs-48213-crore-in-10-days/)

---

Canonical: https://newsio.io/n/a35599b7-85e7-4c0f-b09d-d2106ede7e2a/the-sell-off-follows-a-record-outflow-of-rs-1-17-lakh-crore-about-usd-12-7-billi
Summarized by Newsio from Daily Excelsior. https://newsio.io/how-it-works