Big FPI withdrawals are making a real impact: the rupee just hit an all-time low of ₹92.48 per US dollar, and global uncertainty and rising oil prices are not helping.
Even though domestic investors tried to pick up the slack by attempting to absorb some of the selling, it was not enough to stop the Sensex from dropping 8.3% this month.

FPIs are shifting their money toward AI-focused markets like the US and Taiwan as global risks rise and US bond yields remain high.
The ongoing sell-off shows investors are feeling cautious about India for now.