Mumbai: Foreign portfolio investors (FPIs) are continuing to pull money out of Indian stock markets. In September 2025, they sold shares worth Rs 23,885 crore — the third month in a row of heavy selling.

So far this year, the total FPI outflow has reached a massive Rs 1.6 lakh crore (around USD 17.6 billion), according to depository data. Read Also FPIs Pull Out ₹12,257 Crore From Indian Equities In First Week Of September, Strong Dollar, US...

What’s Driving the Exit?

Experts say multiple reasons are behind this selling spree. One big factor is new US policies, including tariff hikes of up to 50 percent on Indian goods and a new USD 100,000 H-1B visa fee. This has made foreign investors cautious, especially about sectors like IT and exports.

The rupee falling to an all-time low al

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