Foreign Portfolio Investors (FPIs) have pulled out Rs 13,121 crore (USD 1.46 billion) from Indian equities in the first four days of December, pushing total outflows for 2025 to Rs 1.56 lakh crore (USD 17.8 billion), according to NSDL data released on Thursday.

The sharp withdrawal comes on the heels of a net outflow of Rs 3,765 crore in November, extending the selling pressure in domestic markets.

FPI activity has remained largely negative this year, barring a brief respite in October when they infused Rs 14,610 crore, halting a three-month streak of heavy selling. Prior to that, FPIs had withdrawn Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July, reflecting persistent risk-off sentiment.