FPIs Withdraw Rs 17,955 Cr from Indian Equities in December
“`html
Foreign portfolio Investor Outflows from Indian Equities Continue in Early December 2025
Table of Contents
Foreign Portfolio Investors (FPIs) have withdrawn significant funds from indian equities in the first half of December 2025, contributing to a considerable outflow for the year. Experts suggest the selling pressure might potentially be unsustainable, and potential catalysts could reverse the trend.
Recent Outflow Figures
between december 1st and December 14th,2025,FPIs pulled Rs 17,955 crore (approximately USD 2 billion) from Indian equities.This brings the total outflow for 2025 to Rs 1.6 lakh crore (approximately USD 18.4 billion),according to data analyzed as of December 14,2025. This follows a net outflow of Rs 3,765 crore in November, continuing the downward trend.
prior to the current outflow, FPIs briefly paused withdrawals in October 2025, injecting Rs 14,610 crore into Indian equities, ending a three-month period of net selling. However, this inflow proved short-lived.
| Month | FPI Outflow/Inflow (Rs Crore) |
|---|---|
| October 2025 | +14,610 |
| November 2025 | -3,765 |
| December 1-14, 2025 | -17,955 |
| Year-to-Date (2025) | -160,000 |
Expert Perspectives on the Trend
Market analysts are divided on the sustainability of these outflows. VK Vijayakumar, chief investment strategist at Geojit Investments, believes the sustained selling is unlikely to continue given india’s robust economic growth and strong corporate earnings outlook. He suggests FPI selling will likely diminish in the coming weeks.
Sustained selling appears unsustainable given India’s strong growth and earnings outlook.
Another expert, Khan (last name not provided in source material), suggests that a swift agreement on a US-India trade deal could act as a catalyst to reverse the current investment trends and attract foreign capital back into the Indian market.
Debt Market Activity
The debt market presents a mixed picture. During the same period (december 1-14, 2025), FPIs withdrew Rs 310 crore under the general limit, but simultaneously invested Rs 151 crore through the Voluntary retention Route (VRR). The VRR allows FPIs to invest in Indian debt markets without being subject to certain restrictions.