FPIs's ownership of NSE-listed equities fell to about 16.7%

All this money leaving India is putting extra pressure on the rupee, which has dropped almost 5%, and making local markets more volatile.
Foreign portfolio investors' ownership of NSE-listed equities fell to about 16.7%, a multi-year low, and if you're invested or planning to invest, these moves can affect your portfolio value and the exchange rate, which in turn can influence the cost of foreign travel.

Outflows reflect market correction, higher oil prices and earnings uncertainty

Tensions in the Middle East are spiking oil prices and making global investors nervous.
Plus, with the rupee falling and better returns back home thanks to rising US Treasury yields, many foreign investors are choosing safer bets for now.
VK Vijayakumar, chief investment strategist at Geojit Investments, said the outflows reflect market correction, higher oil prices and earnings uncertainty.