FPI selling hits ₹11,800 crore in January so far — What global and macro factors are driving them away?

After a record net outflow of ₹166,286 crore last year, FPIs have additionally sold Indian equities worth ₹11,789 crore this month, according to data available on NSDL. This has pushed the Nifty 50 index 1.71% lower so far in January.