India's net foreign direct investments (FDI) stayed negative for the fourth straight month in November 2025. Outflows exceeded inflows by $446 million that month, according to the Reserve Bank of India (RBI). The RBI's monthly bulletin says this happened mainly due to high repatriations and disinvestments by foreign companies operating in India. Direct investments involve buying assets and support growth, unlike portfolio investments which are mainly for returns through equity or debt. The RBI also said that net foreign portfolio investments (FPI) have been negative so far in the 2025-26 financial year. Uncertainty over the India-US trade deal and a weakening rupee hurt investor confidence. Gross direct inflows in November 2025 stood at $6.4 billion, 22.5% higher than November 2024. This was slightly lower than $6.5 billion received in October and $7 billion in September. "Gross inward FDI remained steady in November with Japan, Singapore, and the U.S. accounting for more than 75% of total FDI inflows," the RBI report said. "The highest recipients (around 75%) of FDI inflows were the financial services sector, followed by manufacturing, and retail and wholesale trade." Net FDI was negative $446 million as repatriation and disinvestment hit a five-month high of $5.3 billion in November, though slightly down 1.2% from the previous year. Outward FDI, or investments by Indian companies abroad, was $1.5 billion in November, less than half of October's $3.2 billion. "Outward FDI moderated in November, with Singapore, Mauritius, the U.S. and the UK accounting for more than half of total outward FDI," said RBI. "More than 70% of outward FDI was in manufacturing, financial, insurance, and business services." Portfolio investments also saw net outflows. The RBI noted, "After a brief phase of net inflows in October and November, FPIs registered net outflows of $4.2 billion in December. Debt flows also turned negative in December after five months."