FPI outflows: Foreign investors withdraw over Rs 23,800 in Sept; sell off triggered by US tariffs and H-1B visa fee hike

Foreign investors withdrew Rs 23,885 crore from Indian equities in September, marking the third consecutive month of outflows, driven by US trade shocks, rupee depreciation, and high valuations. While Indian equities underperformed, analysts remain cautiously optimistic, citing reasonable valuations and India’s strong growth story, contingent on tariff clarity and currency stability.