FPIs turn cautious; withdraw ₹20,974 crore from equities in September amid global uncertainty
Foreign Portfolio Investors have withdrawn ₹20,974 crore from Indian equities in September due to global economic pressures. Factors include rising U.S. interest rates, high crude oil prices, and a weakening rupee.
Why it matters
Significant capital outflows from emerging markets like India can impact domestic stock market stability and currency valuation.
Foreign Portfolio Investors (FPIs) have turned cautious again , pulling out ₹20,974 crore from Indian equities so far in September amid global uncertainties, higher U.S. interest rates and bond yields, elevated crude oil prices and a weakening rupee.
The latest outflow comes after foreign investors returned to Indian equities in July and August, when they invested ₹20,200 crore and ₹29,630 crore, respectively, according to data from CDSL.
With the September selling, FPIs have now withdrawn a total of ₹2.45 lakh crore from Indian equities so far in 2026, surpassing the ₹1.66 lakh crore outflow recorded during the entire 2025.
According to the data, FPIs withdrew ₹20,974 crore from Indian equities this month, till September 18. However, the trend of FPI investment through the primary market has been continuing in the month.
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