
Foreign Portfolio Investors (FPIs) pumped Rs 12,921 crore into Indian equities during the first week of August, following a Rs 20,200 crore inflow in July. The two-month buying spree breaks four months…
Foreign Portfolio Investors (FPIs) pumped Rs 12,921 crore into Indian equities during the first week of August, following a Rs 20,200 crore inflow in July. The two-month buying spree breaks four months of heavy selling, during which FPIs withdrew Rs 1.17 lakh crore in March, Rs 60,847 crore in April, Rs 32,963 crore in May, and Rs 49,340 crore in June.

However, for calendar year 2026, FPIs remain net sellers, having withdrawn a net Rs 2.41 lakh crore, already exceeding the Rs 1.66 lakh crore outflow of the whole of 2025. Market experts cited by Economic Times and PTI attribute the recent purchases to expected US rate cuts, softer crude, a stable rupee, and the RBI’s improved outlook. FPIs also invested Rs 622 crore in Indian debt through the general route.
The cheer over two weeks of FPI buying ignores the bigger picture: Rs 2.41 lakh crore has fled this year. That is four times the Rs 12,921 crore figure headlined everywhere. Calling a 0.5% reversal a “buying spree” is a gift to spin doctors in North Block. The real test is whether this inflow sustains through September, when actual US rate decisions land and the rupee faces fresh pressure. Until net outflows turn positive, the celebration is premature.
Sources (4): ndtvprofit.com, economictimes.indiatimes.com, rediff.com, thefederal.com
This story was synthesised by AI from the 4 sources linked above.
Updated: this story now draws on 4 sources.