FPIs pulled out ₹10,355 cr from equities in last 4 trading sessions on US tariffs

New Delhi, Foreign investors withdrew ₹10,355 crore from the country's equity markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of ₹30,927 crore in the six trading sessions from March 21 to March 28. Going forward, market participants will closely track the long-term impact of the proposed tariffs, along with upcoming announcements from the Reserve Bank of India regarding its monetary policy stance amid expectations of a potential rate cut, said Manoj Purohit, Partner & Leader, FS Tax, Tax & Regulatory Services, BDO India. According to the data, FPIs have pulled out ₹10,355 crore from Indian equities in the last four trading sessions.