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Foreign investors have pulled out Rs 7,945 crore from Indian equities so far in September, weighed down by global uncertainties such as tariffs and persistent geopolitical tensions. This follows heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, taking the total equity sell-off by Foreign Portfolio Investors (FPIs) in 2025 to Rs 1.38 lakh crore, according to depository data. Looking ahead, market experts believe that upcoming macroeconomic data from India and the US, along with progress in tariff negotiations, will be key drivers of FPI flows in the coming week. Although FPIs remain net sellers in September, with cumulative equity outflows of Rs 7,945 crore till September 19, their selling has moderated. In fact, during the latest week, they briefly turned net buyers, purchasing Rs 900 crore of equities after the US Federal Reserve cut interest rates by 25 basis points. "For the current week FPIs bought Indian equities worth Rs 900 crore on the back of the Fed
Foreign investors pulled out Rs 34,993 crore (around USD 4 billion) from Indian equity markets in August, making it the sharpest sell-off in six months, weighed down by US tariffs on Indian exports and pricey domestic valuations. The withdrawal was nearly double the Rs 17,741 crore outflow recorded in July. With this, the total outflow by Foreign Portfolio Investors (FPIs) in equities reached Rs 1.3 lakh crore mark so far in 2025, data with the depositories showed. Market experts believe that withdrawals were triggered by a combination of global and domestic factors. The latest withdrawal was the sharpest since February, when FPIs dumped Indian equities worth Rs 34,574 crore. "The announcement of steep US tariffs of up to 50 per cent on Indian exports dented sentiment significantly, raising concerns over India's trade competitiveness and growth outlook," Himanshu Srivastava, Associate director - Manager Research, Morningstar Investment, said. "At the same time, corporate earnings