
Foreign Portfolio Investors withdrew ₹20,974 crore from Indian equities up to September 18, pushing total 2026 outflows to ₹2.45 lakh crore and surpassing 2025's total.
Analysts attributed the sell-off to higher U.S. interest rates and yields, elevated crude oil prices exceeding $100 a barrel, and a weakening Indian rupee.
FPIs also expanded their selling to the debt market, withdrawing ₹10,296 crore through the Fully Accessible Route and smaller amounts via other channels.