Foreign Portfolio Investors Withdraw Rs 22,530 Crore from Indian Equities in January

Foreign portfolio investors (FPIs) have continued their selling streak in January 2026, withdrawing over Rs 22,530 crore from Indian equities amid rising US bond yields, a stronger dollar, and ongoing geopolitical and trade uncertainties. This follows a record outflow of Rs 1.66 lakh crore in 2025, which contributed to a nearly 5% depreciation of the rupee. Domestic institutional investors have supported the market with net purchases of Rs 34,076 crore. Analysts note that uncertainty over the US-India trade deal and elevated valuations have dampened investor sentiment, with FPI selling expected to persist until positive market triggers emerge.