Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around USD 2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore (USD 17.6 billion).

This marks the third consecutive month of withdrawals, following heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, data from depositories showed.

Tariffs, rupee fall and high valuations powe foreign exit

The latest selling was driven by multiple factors, like US trade and policy shocks — steep tariff hikes of up to 50 per cent on Indian goods and a one-time USD 100,000 H-1B visa fee , which hurt sentiment toward export-oriented sectors, especially IT, Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India, said.

The

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