Debt-Fully Accessible Route (FAR) attracted the highest inflows at ₹1,287.05 crore, while Debt-Voluntary Retention Route (VRR) saw net investments of ₹1,165.63 crore.
Foreign portfolio investors (FPIs) made a net investment of ₹2,420.47 crore on Friday, January 30, providing relief after three consecutive sessions of heavy outflows, according to data from the National Securities Depositories Limited (NSDL).
The Friday inflows were driven primarily by strong interest in the debt segment, which saw net investments of ₹2,475.44 crore across various categories. Debt-Fully Accessible Route (FAR) attracted the highest inflows at ₹1,287.05 crore, while Debt-Voluntary Retention Route (VRR) saw net investments of ₹1,165.63 crore. Debt-General Limit recorded modest inflows of ₹22.76 crore.
However, FPIs remained net sellers in equities for the fourth consecutive day, pulling out ₹72.29 crore on Friday. The hybrid segment recorded net inflows of ₹29.16 crore, while mutual funds witnessed outflows of ₹11.84 crore.
The week that started on Tuesday, January 27, after the Republic Day holiday, saw FPIs sell ₹3,213.11 crore in equities on the first trading day. Wednesday, January 28, witnessed the heaviest selling of the week with net outflows of ₹6,068.94 crore across all segments, as equities alone saw ₹4,468.52 crore being pulled out.
Thursday, January 29, marked a sharp reversal as FPIs turned net buyers with total inflows of ₹4,327.86 crore, largely driven by equity purchases of ₹5,390.31 crore. This buying spree was partially offset by debt outflows of ₹1,731.14 crore across different debt categories.
“FIIs continued to be net cash sellers to the tune of ₹43,686.59 crore as of January 2026 till date,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.
Dr V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, highlighted the continued pressure on the rupee. “The principal reason for rupee depreciation is the sustained FII selling by FPIs which crossed $18 billion in 2025. This trend of sustained selling by FIIs is continuing so far this year,” he said.
Vijayakumar added that “rupee is likely to move around the current level till RBI intervenes in the market. A sudden reversal of the trend can happen if the much-delayed US-India trade deal happens.”
On the outlook for FPI flows, Chouhan noted that “global equity markets priced in DXY weakening from 98.4 on January 22 to 96.2 on January 29, the US Fed keeping policy rates unchanged, increased geopolitical tensions, a sharp increase in gold and silver prices, and increased debate on monetisation versus AI capex, post MSFT results.”
“The Indian market witnessed a decent Q3 FY26 earnings season, with aggregate earnings marginally ahead of expectations until now, while beats were 1.3x of misses in the KIE coverage universe. FPI flows are expected to remain volatile,” Chouhan added.
For the shortened week, FPIs recorded net outflows of ₹2,599.33 crore across all segments, with equity outflows of ₹2,363.61 crore being the primary drag on overall flows.
Published on January 31, 2026
