FPIs pour Rs 23,544 crore into Indian equities in August as earnings recovery and rupee stability boost investor sentiment

NEW DELHI: Foreign Portfolio Investors (FPIs) have accelerated buying in Indian equities this month, infusing Rs 23,544 crore so far as improving quarterly earnings, a stable rupee and better market prospects lift sentiment.The inflow comes after FPIs invested Rs 20,200 crore in July, marking a sharp turnaround from four consecutive months of heavy selling and signalling renewed confidence in Indian equities.FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17 lakh crore in March. Prior to this selling streak, they had invested Rs 22,615 crore in Feb, according to CDSL data.Despite the recent buying, foreign investors have remained net sellers in Indian equities in 2026, withdrawing around Rs 2.3 lakh crore so far — exceeding the Rs 1.7 lakh crore outflow registered during the entire 2025. “Factors that are driving FPIs back to India are: earnings growth revival as reflected in Q1 results, FPI withdrawal from the ‘chip trade’, rupee stability and the impressive growth prospects of companies in the broader market,” VK Vijayakumar of Geojit Investments, said.