Foreign investors pull ₹13,138 crore from Indian equities in September

Foreign Portfolio Investors offloaded ₹13,138 crore in Indian stocks over the first 10 trading days of September, wiping out nearly half of August's inflows.

Year-to-date net outflows have reached ₹2,37,579 crore, putting significant pressure on the rupee, which hit 95.88 against the dollar on Tuesday.

Analysts link the selling to high equity valuations, weak benchmark returns, and global macroeconomic instability, including rising crude oil prices.