Tariff shocks, rupee slide drive FPI sell-off; Rs 23,885 crore pulled out in September
In September, FPIs pulled out Rs 23,885 crore from Indian equities for the third month in a row due to US trade and policy shocks, rupee depreciation, and high valuations. However, analysts predict a potential turnaround with tariff clarity, currency stabilization, and a supportive global rate environment. FPIs may also play a crucial role in the country's recovery.