FPIs Withdraw Rs 13,121 Cr in 4 Days: Outflow Reaches Rs 1.56Lakh Cr
- Data indicates a significant withdrawal of funds from Indian equities by foreign portfolio investors (FPIs) in the first four days of December 2025, extending a trend of net...
- Foreign investors have pulled out ₹13,121 crore (approximately USD 1.46 billion) from Indian equities in the first four days of December 2025, according to data from the National...
- This recent surge follows a net outflow of ₹3,765 crore in November, indicating sustained pressure on the Indian markets.
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Foreign Investor Outflows from Indian Equities Surge in early December 2025
Table of Contents
Data indicates a significant withdrawal of funds from Indian equities by foreign portfolio investors (FPIs) in the first four days of December 2025, extending a trend of net outflows throughout the year.
Key Developments
Foreign investors have pulled out ₹13,121 crore (approximately USD 1.46 billion) from Indian equities in the first four days of December 2025, according to data from the National Securities Depository Limited (NSDL). this brings the total outflow for 2025 to ₹1.56 lakh crore (USD 17.8 billion).
This recent surge follows a net outflow of ₹3,765 crore in November, indicating sustained pressure on the Indian markets. Prior to November,october saw a temporary reversal of the trend,with FPIs investing ₹14,610 crore,interrupting a three-month period of substantial withdrawals.
Ancient Outflow Data (2025)
The following table details the monthly FPI outflows from Indian equities in 2025:
| Month | Outflow (₹ Crore) | Outflow (USD Billion – approximate) |
|---|---|---|
| September | 23,885 | ~2.86 |
| August | 34,990 | ~4.19 |
| October | -14,610 (Inflow) | ~-1.75 |
| November | 3,765 | ~0.45 |
| December (Dec 1-4) | 13,121 | ~1.46 |
| Total (2025) | 156,000 | ~17.8 |
Note: USD conversions are approximate based on exchange rates as of December 4, 2025.
factors Driving the Outflows
Several factors may be contributing to the recent outflows. These include:
- Global Economic Uncertainty: Concerns about a potential global economic slowdown and rising interest rates in developed markets.
- Geopolitical Risks: Increased geopolitical tensions can lead investors to reduce their exposure to emerging markets.
- Valuation Concerns: Some analysts believe that Indian equities have become overvalued after a strong