Foreign Portfolio Investors (FPIs) have withdrawn ₹7,945 crore from Indian equities so far in September, reflecting concerns over global uncertainties such as tariffs and ongoing geopolitical tensions.
This follows significant outflows of ₹34,990 crore in August and ₹17,700 crore in July, bringing the total equity sell-off by FPIs in 2025 to ₹1.38 lakh crore, according to depository data.
Despite the overall net selling in September, FPIs showed signs of moderation during the latest week, briefly turning net buyers with purchases of ₹900 crore following a 25-basis-point rate cut by the US Federal Reserve.
The combination of the Fed’s dovish stance, easing US-India trade tensions, and India’s stable macroeconomic outlook has supported investor sentiment. However, lingering global uncertainties and geopolitical risks continue to restrain large-scale inflows.
Meanwhile, in debt markets, FPIs invested around ₹900 crore under the general limit and an additional ₹1,100 crore through the voluntary retention route, indicating a continued preference for fixed-income assets amid market volatility.
