FPIs turn net sellers, pull out ₹35,860 crore in September
Foreign Portfolio Investors (FPIs) withdrew ₹35,860 crore from Indian equities in September, marking a significant shift after two months of net buying. Analysts attribute this trend to global economic uncertainties, high U.S. interest rates, and rising crude oil prices linked to regional supply risks.
Why it matters
Large-scale capital outflows from FPIs can exert downward pressure on the Indian rupee and impact the stability of domestic financial markets.
After two consecutive months of buying, foreign portfolio investors (FPIs) turned net sellers in September pulling out ₹35,860 crore from Indian equities amid global uncertainties, elevated U.S. interest rates and high crude oil prices. The selling continued into October, with FPIs pulling out ₹9,232 crore from equities on October 1, as per data from Central Depository Services Ltd. The outflows came after FPIs invested ₹20,200 crore in Indian equities in July and ₹29,630 crore in August.
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