New Delhi, March 23 -- Foreign portfolio investor (FPI) flows in 2026 have witnessed significant volatility, influenced by US-Iran war and weak domestic cues. Following a drastic outflow of Rs.35,962 crore in January, there was a notable turnaround in February, with inflows reaching Rs.22,615 crore, the highest level in 17 months.

Nevertheless, the trend shifted once more in March, as FPIs withdrew a staggering Rs.88,180 crore (up until March 20), prompted by increasing global uncertainties, high crude oil prices, and a weakening rupee.

This ongoing sell-off has brought the total FPI outflows for the year to Rs.1,01,527 crore so far, underscoring a persistent caution among foreign investors, despite occasional bursts of optimism.

The I...