Global Investors Withdraw $23 Billion from Indian Stock Market Year-to-Date; Rupee Hits Record Low on May 20

According to Bloomberg and Reuters, the Indian rupee hit a record low against the U.S. dollar on May 20, with the country's central bank implementing foreign exchange intervention to prevent further depreciation. International capital outflows from Indian equities are intensifying rupee depreciation pressure.

Year-to-date, global investors have withdrawn approximately $23 billion from Indian stock markets, exceeding the total foreign capital outflows for all of 2025, according to the reports.